Iraq May Lose $50bn Over OPEC+ Deal, Warns Ex-minister


Iraq may lose $50bn over OPEC+ deal, warns ex-minister

Wed, 16 Sep 2020 | By middleeastmonitor | 8 Hits

Iraq8217s commitment to a recent agreement by the Russianled OPEC group will deprive the country of 750000 barrels of oil per day bpd the former Iraqi oil minister warned yesterday OPEC deal would incur 50 billion in losses over the next two years Ibrahim Bahr AlUlloum told Russia Today RT In an interview where he discussed the deals potential negative economic impact AlUlloum said that Iraq must review the OPEC agreement warning that Baghdad could not bear the burden of other countries interests The exminister was rec >>READ MORE



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