With just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to stop these imports at a time when US patience with OPEC’s second-largest oil producer is …
Read More »Iraq Does not Rule out more OPEC+ Measures to Halt Oil Price Slide
Iraq, OPEC’s second-largest oil producer, does not rule out OPEC+ members taking extra measures to halt the further slide of oil prices, but any steps will need to take into account global oil market developments, the country’s oil minister said on Tuesday. Iraq’s Thamer al-Ghadhaban, who participated in an emergency …
Read More »OPEC + Agreement will Help Support Prices
The Iraqi Minister of Oil, Thamer Al-Ghadban announced on Monday an agreement to reduce oil production that will help reduce stocks and support prices. Iraq welcomed the results of the OPEC + meeting, which reached the commitment of the members of the group to a historic cut in production to …
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