Today, Thursday, Oil Minister Thamer Al-Ghadban announced that the Kurdistan region will deliver 250,000 barrels per day to the federal government starting next year, while stressing Iraq’s commitment to what is being reached in OPEC + from a reduction in exports to ensure the stability of global oil prices.

The official Al-Sabah newspaper, quoting Al-Ghadban, stated that “the Kurdistan region’s production of crude oil currently stands at 450,000 barrels per day,” noting that “the federal government agreed with Kurdistan that the latter hand over Sumo 250 thousand barrels per day of crude as of the first of December The second of next year, while the region’s government will use the remaining amount of 200,000 barrels to pay the companies ’wages and their share of the profits and what remains to be spent to pay off their debts and salaries.”

Al-Ghadban explained, “OPEC deals with Iraq as a single political unit and does not differentiate between the oil of the region and others. On the fluctuations and the collapse in world prices.

On the other hand, Al-Ghadban stated that “Iraq’s crude production is currently four million and 500 thousand barrels per day, while the planned export volume is three million and 880 thousand barrels per day, including the oil delivered from the region of 250 thousand barrels per day.” What is reached in OPEC + from export reduction to ensure stable international oil prices.”

News Source: https://www.alsumaria.tv/