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Iraq Oil Minister Says Oil Prices Reaching $100/Barrel Unsustainable -TV Interview

By:
Reuters
Updated: Oct 3, 2021, 20:43 UTC

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

FILE PHOTO: South Oil Company chief Ihsan Abdul Jabbar speaks during an interview with Reuters in Basra

In this article:

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.

For a look at all of today’s economic events, check out our economic calendar.

(Reporting by Nayera Abdallah; Editing by Catherine Evans)

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