What is the fact that the Kurdistan region to reduce oil production? The Ministry of Wealth answersVisits : 57

What is the fact that the Kurdistan region to reduce oil production? The Ministry of Wealth answers

On Saturday, the Ministry of Natural Resources in the Kurdistan Region denied reducing oil production to an average of 267,000 barrels per day.

The ministry said in a statement today, that this news is incorrect and the process of oil production in the region is proceeding as it was in previous months.

A recent statistics showed that Iraq and the Kurdistan region reduced oil production by about 500,000 barrels per day, within the framework of commitment to the "OPEC +" agreement to reduce production in support of prices.

According to the statistics issued by (S&P Global Platts), Iraq and the region have reduced a total of 497 barrels per day of crude production.

The statistic indicates that the Kurdistan Region reduced an average of 100,000 barrels from its export of crude.

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