Baghdad:The Ministry of Oil has announced that OPEC+ will maintain its current oil production levels for December. This decision was confirmed during a recent meeting involving key member countries.

According to National Iraqi News Agency, Oil Minister Basim Mohammed Khudair Al-Abadi participated in the OPEC+ meeting through a video conference. The meeting highlighted a commitment to ensuring stability in the global oil market.

The Ministry’s statement revealed that the production levels set for December will remain consistent with those established in September. Furthermore, the seven OPEC+ nations, including Iraq, Saudi Arabia, Russia, Kuwait, Kazakhstan, Algeria, and Oman, will continue to conduct monthly meetings to assess market conditions.

The statement also noted the attendance of Ali Nizar, Director-General of the Oil Marketing Company (SOMO), and Iraq’s representative to OPEC, Mohammed Adnan, at the meeting.