Iraq OilMin: Achieved OPEC oil cut share, ready to meet new demand - RTRS

Iraqi oil minister Jabar al-Luaibi noted in a speech on Monday, Iraq has achieved its share of the production cuts agreed by OPEC and non-OPEC producers at the end of last year, but remains ready to meet future oil demand growth, Reuters reports.

Falah Alamri, head of oil marketer SOMO, said delivering the speech at an industry event in London on the minister's behalf, "Iraq as the second-largest producer in OPEC confirms its achievement to the commitment to implement the production cut and has recently announced its readiness to a further extension to the cut agreement."