Iraqi Oil Minister Says Oil Prices Reach Unsustainable $ 100 Per Barrel – Reuters TV Interview

© Reuters. FILE PHOTO: South Oil Company chief Ihsan Abdul Jabbar speaks during an interview with Reuters in Basra, Iraq, May 18, 2019. REUTERS / Essam al-Sudani / File Photo

(Reuters) – Iraq’s Oil Minister said on Sunday that oil prices reaching $ 100 a barrel would not be sustainable and that OPEC wanted stable markets.

Ihsan Abdul Jabbar added in a television interview with Skynews Arabia that he is working on a program to increase the country’s oil production capacity to 8 million barrels, calling it a balanced capacity.

Abdul Jabbar also said Iraq aims for its gas production to reach 4 billion cubic feet by 2025.

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Felix J. Dixon

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