Iraq cuts production of 160,000 in oil

In a statement, reported that Iraq has reduced its oil production at 160,000 barrels a day in early January of 2017, following the agreement by the Organization of petroleum exporting countries (Opec).

By the end of this month the Minister Jabar Ali al-Luaibi said he expects the reduction to reach 210,000 bpd. The Iraq announced that still reached a record 3,510,000 barrels per day of oil exports by its ports to the South. Currently the country is OPEC's second largest producer.