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Iraq says committed to OPEC+ oil output reduction

Published 04/01/2019, 10:21
Updated 04/01/2019, 10:25
© Reuters. FILE PHOTO: Oil tanks are seen at the gas field of Siba in Basra

DUBAI (Reuters) - Iraq said on Friday it was committed to the OPEC+ output-cutting deal and would keep its oil production at 4.513 million barrels per day for the first half of 2019.

Iraqi Oil Minister Thamer Ghadhban said in a statement that he had directed oil officials to take urgent measures to comply with the cuts.

"(The minister) reaffirmed the ministry's commitment to keep national oil production at an average of 4.513 million bpd in the next six months," the statement added.

© Reuters. FILE PHOTO: Oil tanks are seen at the gas field of Siba in Basra

The Organization of the Petroleum Exporting Countries, Russia and other non-members, an alliance known as OPEC+, agreed in December to reduce supply by 1.2 million bpd in 2019. OPEC’s share of that cut is 800,000 bpd.

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