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Iraq to Be ‘Forced’ to 100% OPEC+ Compliance, Oil Minister Says


Photographer: Oleg Nikishin/Getty Images

Iraq will be forced into 100% compliance with the OPEC+ deal in August and September as the producer group loses patience with the laggard, the country’s oil minister said on Thursday.

“This tolerance from OPEC won’t last long. We will be forced this month and next month to 100% compliance,” Ihsan Abdul Jabbar said in a Zoom symposium. “The non-compliance of Iraq means non-compliance of others and this mean collapse of oil prices like what happened in March and April with its effect on Iraq’s economy.”