Iraq oil minister expects OPEC to stick to October oil production deal By Reuters

© Reuters. Iraqi Oil Minister Ihsan Abdul-Jabbar in a photo from Reuters archive.

BAGHDAD (Reuters) – Iraqi Oil Minister Ihsan Abdul-Jabbar said that OPEC and its allies will try to keep at $70 a barrel in the first quarter of 2022, expecting the group to adhere to the current production agreement when it meets in October if prices remain stable.

The minister added at a press conference in Baghdad on Sunday that Iraq’s total oil exports, including those of the northern Kurdistan region, are expected to average 3.4 million barrels per day in September.

(Press coverage by Ahmed Rashid – Prepared by Doaa Mohammed for the Arab Bulletin – Edited by Hassan Ammar)

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