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

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imageCommodities2 hours ago (Oct 03, 2021 18:15)

© Reuters. FILE PHOTO: South Oil Company chief Ihsan Abdul Jabbar speaks during an interview with Reuters in Basra, Iraq May 18, 2019. REUTERS/Essam al-Sudani/File Photo

(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.

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.

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

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