Iraq’s Luaibi reverses INOC decree, says it aims to produce 7mb/d

21 October 2018, Sulaimaniya/Erbil, Iraq — Iraqi Oil Minister Jabar al-Luaibi has reversed his decision to transfer the ownership of nine state-owned oil companies from the ministry to the newly formed National Oil Company, the ministry said on Saturday. He later told state television in an interview that Iraq hopes to produce 7 million barrels … More »