Skip to content
Subscriber Only

Iraq to Honor OPEC Oil-Cut Decisions as Monthly Exports Rise

  • Several companies are bidding to pre-pay for Iraqi oil: Jabbar
  • Oil minister sees crude exceeding $50, seeks partners in gas
Updated on

Iraq will remain committed to OPEC’s decisions on oil output as it nudges crude exports higher in December.

The country will export 2.8 million barrels a day this month, Oil Minister Ihsan Abdul Jabbar said Sunday, up from 2.7 million in November. It will start shipping a new medium grade of its flagship Basrah crude in January and try to maximize its output of light oil, he told reporters in Baghdad.