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  • 27-04-19

    Iraq able to achieve oil output boost

    (MENAFN) Iraq enjoys a strong capability to achieve hikes in the output of crude oil and meet market demand, affirmed Iraqi Oil Minister Thamir al-Ghadhban.

    However, the Iraqi oil minister asserted, Iraq if fully dedicated to a decision the Organization of the Petroleum Exporting Countries (OPEC) reached to reduce oil production.

    "We have a huge capacity to increase our oil production, but it is important to keep the market stable and remove the surplus of oil in the market," the minister stressed.

    Al-Ghadhban added that the country is prepared to maintain its duty to oversee the global oil market to assess demands for leveling up its oil production.

    He added that Iraq is "very keen to secure oil supplies for consumers and to maintain market stability."

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