OPEC says Iraqi oil facilities secure, production continuing

OPEC

OPEC says Iraqi oil facilities secure, production continuing

Iraqi oil facilities are secured and the country’s production is continuing, the Organisation of the Petroleum Exporting Countries, OPEC’s Secretary General Mohammed Barkindo said on Wednesday.

“It’s a big relief that the facilities continue to be secured in Iraq, the production is continuing and effective,” Barkindo said on the sidelines of a conference in Abu Dhabi.

He said he was optimistic Iraq would reach 100 percent compliance with OPEC cuts in time, despite current tensions.

In a message to U.S. President Donald Trump, Barkindo said OPEC alone could not shoulder the responsibility of maintaining a stable oil market.

Reuters