June 8, 2020 / 9:13 PM / a month ago

Iraq is fully committed to the OPEC+ cut deal -oil minister

FILE PHOTO: The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria April 9, 2020. REUTERS/Leonhard Foeger

BAGHDAD (Reuters) - Iraq’s new oil minister Ihsan Abdul Jabbar affirmed in a phone call with Saudi energy minister Prince Abdulaziz bin Salman Iraq’s full commitment to the OPEC+ production cut deal, the oil ministry said in a statement on Monday.

OPEC, Russia and other producers agreed on Saturday to extend record output cuts of 9.7 million barrels per day into July, curbing global supply by almost 10% amid a steep slump in demand due to the coronavirus pandemic.

Abdul Jabbar said his country is fully committed to cut its production in June and July in compliance with the OPEC+ deal, and also is committed to the production cut deal agreed after June and July.

Reporting by Ahmed Rasheed; writing by Samar Hassan; editing by Chris Reese

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