February 13, 2018 / 11:04 AM / in 4 months

Iraq oil minister says talks on supply cut agreement to wait until December

KUWAIT (Reuters) - Iraq oil minister Jabar al-Luaibi said on Tuesday there was no discussion about exiting the agreement between OPEC and non-OPEC producers on supply cuts and such talks will have to wait until December.

Iraqi Oil Minister Jabar al-Luaibi speaks during news conference at the ministry of oil in Baghdad, Iraq November 27, 2017. REUTERS/Thaier Al-Sudani

Speaking at a conference on reconstruction of the war-torn country in Kuwait city, he also said Iraq is in full compliance with its quota of cuts. He added that he was not worried about current prices, which are “normal fluctuations”.

Reporting By Maher Chmaytelli; Writing by Aziz El Yaakoubi; Editing by David Goodman

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