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Sunday, 2 April 2017

Iraq has pledged to fully comply with oil cut deal, OPEC chief says | Reuters

Iraq has pledged to fully comply with oil cut deal, OPEC chief says | Reuters:

"Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday in Baghdad.

Iraq's compliance stands now at 98 percent, the nation's oil minister Jabar al-Luaibi told reporters, after addressing a conference in the Iraqi capital, also attended by Barkindo.

Compliance with the deal agreed by OPEC and non-OPEC producers at the end of last year to cut supply is "encouraging," Barkindo told the forum."



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