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Iraq in favour of extending any OPEC-led oil output cut - PM Abadi

Reuters  |  BAGHDAD 

BAGHDAD (Reuters) - Iraq is committed to reducing oil production to decrease a glut in the global market, and will support extending output cuts in line with any OPEC decision, Prime Minister Haider al-Abadi said on Tuesday.The Organization of the Petroleum Exporting Countries meets in Vienna on May 25 to consider whether to extend output cuts agreed in December last year between OPEC and 11 non-member countries, including Russia."Iraq is with the continuation of a reduction of oil production of OPEC nations and we will push in that direction," Abadi said in a news conference broadcast on ...

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First Published: Tue, May 16 2017. 22:29 IST
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