The Iraqi Ministry of Oil indicated today, Wednesday, that "Baghdad will review its oil production and address any increases that exceed its commitment to the agreed production adjustments with OPEC+ over the next four months." It added in a statement, "The ministry will review secondary source reports, verify them, and address any production increases if found, compensating for them over the next four months." The ministry affirmed: "Iraq is committed to the agreed production adjustments from the 35th OPEC+ ministerial meeting held on June 4, 2023, and the production adjustments."
Iraq Confirms Commitment to OPEC Production Decisions
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