SULAIMANI (ESTA) — Iraq expects total oil production to average 3.6 million barrels per day (bpd) in February if the Kurdistan Region abides by OPEC+ oil production cuts, Oil Minister Ihsan Abdul Jabbar said on Wednesday.
An average of 2.9 million bpd in exports was expected, he told a news briefing in Baghdad, according to Reuters.
The minister said he anticipated an oil price of $58 to $63 in 2021.
He also said OPEC and its allies were expected to keep their output policy, to which Iraq remains committed, unchanged during their next meeting.
The Iraqi minister said Iran might return to the oil market if everything remained “normal”, without elaborating.
