Iraq confirms its commitment to voluntary reduction of oil production

Baghdad-INA  
Iraq confirmed today, Sunday, its commitment to voluntary reduction in the level of oil production, which was approved by OPEC + last April, and its extension until the end of 2024.
 
 
The Ministry of Oil stated, in a statement received by the Iraqi News Agency (INA): “The Republic of Iraq will extend its voluntary reduction of 211 thousand barrels per day until the end of December 2024, as a precautionary measure, in coordination with the countries participating in the OPEC Plus agreement that had previously been announced in the month of April for voluntary reductions.
According to the statement "This voluntary cut will be from the required production level, as agreed upon at the thirty-fifth ministerial meeting of OPEC Plus on June 4, 2023."