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Business / Energy

Iraq has cut 180,000 bpd as part of OPEC oil deal

Published: 23 Jan 2017 - 02:52 pm | Last Updated: 02 Nov 2021 - 03:33 am
Peninsula

AFP

LONDON: Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member's oil minister said on Monday.

The cut came from a 4.75 million bpd level, Jabar Ali al-Luaibi told reporters at an industry event at Chatham House in London.