Iraq says our policy in OPEC is based on reservations about unjustified increase in production
Iraq’s oil minister said that his country policy in OPEC is based on reservations about the unjustified increase in production, ministry of oil quoted him as saying on Tuesday.
Ihsan Abdul-Jabbar added that the contract signed with France’s Total would generate more than $85 billion in profits for Baghdad over 20 years.
Total will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on September.
Source: Reuters (Reporting by Moataz Abdelrahiem;)