Iraq says our policy in OPEC is based on reservations about unjustified increase in production

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Iraqi Oil Minister Ihsan Abdul Jabbar walks during a Lukoil energy event, in Baghdad, Iraq November 11, 2021. REUTERS/Thaier Al-Sudani

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CAIRO, Dec 7 (REUTERS) - Iraq's oil minister said that his country policy in OPEC is based on reservations about the unjustified increase in production, ministry of oil quoted him as saying on Tuesday.

Ihsan Abdul-Jabbar added that the contract signed with France's Total would generate more than $85 billion in profits for Baghdad over 20 years.

Total will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on September.

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Reporting by Moataz Abdelrahiem;

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