Iraq exports its full share within the OPEC+ agreement

Baghdad-INA  

Oil Minister Ihsan Abdul-Jabbar Ismail confirmed today, Monday,  that Iraq exporting its full share as part of the OPEC Plus agreement.

A statement by the ministry stated that "Oil Minister Ihsan Abdul-Jabbar Ismail chaired the monthly crude oil pricing meeting," noting that "the meeting was held in the presence of the ministry's undersecretaries, the Director General of the Oil Marketing Company "SOMO".

The minister affirmed, according to the statement, "Iraq's commitment to exporting its full prescribed share in accordance with the agreement and determinants of "OPEC", and working with the members of the organization and its allies from outside the "OPEC" to achieve balance in global markets." 

Abdul-Jabbar explained that "Iraq aims to increase its production and export capabilities in the coming years, by enhancing investments in the oil and energy sector," noting "the importance of investments in sustaining and strengthening Iraq's position among the producing countries, and maintaining its position in the energy market." 

"Iraq's commitment to support global investments in the oil and energy sector, and to fulfill its financial and contractual obligations," noting that "the ministry is increasing its efforts to expand the volume of global investments for free and associated gas, and that its plans aim to achieve this in cooperation with sober international companies." Abdul-Jabbar added.