Baghdad will join the decision to extend a global oil output agreement between OPEC and non-OPEC producers, Iraqi Oil Minister Jabar al-Luaibi said.
"We are the country that is really committed to the OPEC agreement," Bloomberg cited Al-Luaibi as saying.
"It’s too early to say whether OPEC and its allies will need to extend the production cuts beyond the first quarter of 2018. That decision will depend on the stability of prices at the time of the group’s next meeting in November, he said. If there is a resolution to prolong the curbs, Iraq would comply," the minister said.
Al-Luaibi added that the country is pumping 4.32 million barrels a day of oil, below the 4.35 million target agreed last year.
