Fully committed to OPEC+ oil cuts, not seeking any exemptions, says Iraq

Topics OPEC | Opec oil | OPEC output


By Rania El Gamal DUBAI (Reuters) - Iraq said on Wednesday it remained fully committed to the OPEC+ oil supply cut agreement, denying earlier media report that it was seeking an exemption from the reduction pact during the first quarter of 2021, Iraq's oil ministry spokesman said.

"The Ministry of Oil would like to categorically deny this baseless statement, and affirm that, to the contrary, Iraq remains fully committed to the April OPEC+ Declaration of Cooperation, and the compensation mechanism agreed to in June,".

This article is no longer available in our repository.

There could be multiple reasons for this.