OPEC Says Iraqi Oil Facilities Secure, Production Continuing

OPEC Says Iraqi Oil Facilities Secure, Production Continuing
VIENNA – JULY 3: File picture taken on July 3, 2001 showing the OPEC headquarters in Vienna, Austria. OPEC said 12 April 2002 that it is concerned by the situation in Venezuela because the country might boost its oil output in order to increase funds available to the state. (Photo by: BARBARA GINDL/AFP/Getty Images)

Organization of the Petroleum Exporting Countries (OPEC) has said Iraqi oil facilities are secured and the country’s production is continuing.

OPEC’s Secretary General, Mohammed Barkindo made this known on Wednesday on the sidelines of a conference in Abu Dhabi.

“It is a big relief that the facilities continue to be secured in Iraq, the production is continuing and effective,” Barkindo said,

He said he was optimistic Iraq would reach 100 percent compliance with OPEC cuts in time, despite current tensions.

In a message to U.S. President Donald Trump, Barkindo said the Organization of the Petroleum Exporting Countries (OPEC) alone could not shoulder the responsibility of maintaining a stable oil market.

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