Iraq oil minister says oil prices reaching $100/barrel unsustainable -TV interview


Reuters | Bagdad | Updated: 03-10-2021 22:46 IST | Created: 03-10-2021 22:41 IST
Iraq oil minister says oil prices reaching $100/barrel unsustainable -TV interview
Representative Image Image Credit: ANI
  • Country:
  • Iraq

Iraq's oil minister said on Sunday that oil prices reaching $100 a barrel will not be sustainable and that OPEC wants stable markets.

Ihsan Abdul Jabbar added in a TV interview with Skynews Arabia that he is working on a programme to raise the country's oil production capacity to 8 million barrels, calling it a balanced capacity.

Abdul Jabbar also said that Iraq aims for its gas production to reach 4 billion cubic feet before 2025.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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