Iraq pumped 4.228 million barrels a day at fields under the control of the federal government in Baghdad. Photo: AFPBaghdad/Dubai: Iraq will maintain oil production at current levels after exceeding 4.7 million barrels a day in September, even as other Opec members discuss limits on output. Iraq asked the Organization of Petroleum Exporting Countries (Opec) for an exemption from its participation in any cuts, oil minister Jabber Al-Luaibi said Sunday at a news conference in Baghdad. The Iraqi officials are briefing reporters on the country’s production after oil minister al-Luaibi disputed the data Opec uses to gauge output. Iraq pumped a record 4.54 million barrels of oil a day last month, according to data compiled by Bloomberg.

Source: Mint October 23, 2016 12:33 UTC