So says Iraqi oil minister from London 29 Jan

  • Iraq will comply with OPEC deal
  • oil market witnessing good stability
  • Iraq aims to reach 750k bpd from Kirkuk with help of BP
  • Iraq aims to reach 175mln barrels of oil reserves in coming years
  • new refineries to allow country to become products exporter

When asked if oil price could go higher still he said:

  • is so far reasonable

Oil prices continuing to fall this morning as recent rally once again runs out of steam.

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