- Iraq pledges to support prospective extension, won’t flood the market
- Extension would not derail Iraq’s plans to achieve 5 million bpd of capacity
- Refinery runs to increase from 520,000 to 650,000 bpd
VIENNA - Iraqi Oil Minister Jabbar al-Luiebi briefed journalists Thursday just before a key OPEC meeting, in which member countries are negotiating a potential extension of production cuts agreed to late last year.
Luiebi covered a range of topics, from Iraq's specific oil policies to the OPEC-wide attempt to bolster oil prices. Here is a slightly condensed transcript of Luiebi's remarks.