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Iraq is expected to reach an average of 3.6 million barrels of oil in February

Iraqi Oil Minister Ihsan Abdul-Jabbar said today, Wednesday, that his country expects total crude production to average 3.6 million barrels per day in February if the semi-autonomous Kurdistan region abides by the planned OPEC + oil production cuts.

He added, in a press briefing in Baghdad, that he expected exports to average 2.9 million barrels per day.

Abdul-Jabbar said that he expected the price of oil to range between 58-63 dollars a barrel this year. He added that he expected OPEC and its allies to keep their production policy unchanged during the next meeting, stressing Iraq's commitment to the production policy followed.

The Iraqi minister said that Iran may return to the oil market if all things remain normal, as he described, without giving further details.

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