Former minister: We may lose $ 50 billion because of OPEC +

9/15/2020 17:16

Former

[Baghdad-Ayne]
Former Iraqi Oil Minister Ibrahim Bahr Al-Ulum talked today, Tuesday, about the damage caused by the "OPEC +" agreement on the Iraqi economy, and the crises it could inflict on the oil country.
Former Iraqi Oil Minister Ibrahim Bahr Al-Ulum talked today, Tuesday, about the damage caused by the "OPEC +" agreement on the Iraqi economy, and the crises it could inflict on the oil country.
Bahr Al-Ulum said, "Iraq's commitment to the OPEC + agreement will mean depriving it of 750 thousand barrels of oil per day, which means that it will lose about 50 billion dollars over the next two years."
He added, "Iraq today needs to review this agreement, so it cannot bear the burden and interests of other countries that increase and expand their oil production while we are harmed."
Former Minister Ibrahim Bahr Al-Ulum is filing a lawsuit in the Iraqi Administrative Court to annul the decision of the former Abdul Mahdi government, which agreed to the "OPEC +" agreement

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