#Iraq Is Committed to OPEC+ Cuts but Has ‘Difficulties’ Complying - Bloomberg

Iraq Is Committed to OPEC+ Cuts but Has ‘Difficulties’ Complying - Bloomberg:

Iraq is committed to curbing its oil output in compliance with the OPEC+ agreement, but persistent divisions with the regional Kurdish administration over exports are making this difficult.

While Iraq and the autonomous Kurdish region are cooperating on exports of oil produced at Kurdish fields, “we still have issues,” Oil Minister Thamir Ghadhban told delegates at the World Energy Congress in Abu Dhabi on Tuesday.

Iraq, including the self-ruling Kurdish region, has about 5 million barrels a day of oil output capacity. Last month, its production increased by about 30,000 barrels a day to 4.78 million barrels a day, according to a Bloomberg survey. Ghadhban said on Monday that Iraq increased output over the summer to meet seasonal demand for power.