Published on 27/06/2019 4:13:26 PM | Source: Reuters

OPEC expected to roll over deal on supply cuts - Iraqi oil minister

Posted in Commodity Top News| #Oil and Gas Sector #Commodity #OPEC #Iraq

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LONDON  - OPEC is likely to roll over a deal on cutting supplies at a meeting next week and keep curbs at least at the same level as those in place since Jan. 1, Iraq's oil minister said on Thursday.

Thamer Ghadhban also told reporters in London that Exxon had completed an evacuation of its staff from an oilfield in southern Iraq over security concerns, a move Baghdad has said was unjustified. Iraq was also drawing up a heads of agreement on a new energy deal with the U.S. firm, he added.

(Reporting by Shadia Nasrallah and Ahmad Ghaddar; Editing by Edmund Blair)