Luaibi did not say which countries have suggested a six- month extension of the agreement.

Iraq’s oil exports for February exceeded 95.940 million barrels.

Crude prices has recovered to $70 per barrel but fast-growing oil exports from the United States (US)’s producers have restricted prices.

Poland. the Baltic states and Ukraine all oppose the project.

China surpassed the United States in 2017 to become the world’s largest oil importer.

Oil and gas together account for 95 percent of Algeria’s export revenues and contribute 60 percent to its annual budget.

A US failure to build civilian nuclear reactors in Saudi Arabia may allow countries that lack nuclear proliferation standards to step in.

Gas production in Egypt went into steep decline several years ago due to price controls and lower investment from international companies.

China is already one of the largest clients of Saudi crude oil.

The liquidity for Shanghai crude futures will surpass that of DME.