Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Kurdistan has not ruled out crude oil output cuts under Iraq's OPEC commitment: minister

Commodities | Coal | LNG | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Steel | Shipping | Coronavirus

Market Movers Americas, Aug 3-7: Brent-WTI spread at widest since May


Platts Market Data – Oil

Capital Markets | Commodities | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Naphtha | Marine Fuels | Equities | Financial Services | Banking | Non-banks | Private Markets

North American Crude Oil Summit, 3rd annual

Oil | Crude Oil | Petrochemicals

Libya's NOC head warns of potential disaster at oil ports due to armed conflict

Kurdistan has not ruled out crude oil output cuts under Iraq's OPEC commitment: minister


Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports

Supply and demand trends, government actions, exploration and technology

Daily futures summary

Weekly API statistics, and much more

London — * 14 non-OPEC producers invited for Dec 10 meeting
* Brazil will not participate in cuts

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Iraq's semi-autonomous Kurdistan Regional Government has not ruled out curbs on its oil production to help Iraq meet its commitment under OPEC's planned production cut but believes any impact on its output would be limited, the KRG's oil minister said Monday.

"We do not envisage much effect on KRG," Ashti Hawrami told a Kurdish oil conference in London. "Nevertheless, I do not want to rule out any discussion that has to be talked about formally between us and Baghdad."

Under OPEC's production cut deal agreed last week, Iraq has agreed to reduce its total production in January to 4.351 million b/d, a 210,000 b/d cut from October levels measured by secondary production sources.

"We have planned and know of ways and means, without actually cutting production, to cooperate with Baghdad to meet the OPEC objective (of cutting production) and create a win-win situation for Iraq," Hawrami said, without elaborating.

After the OPEC agreement was announced last week, a senior KRG official said the KRG's near 600,000 b/d of estimated production would not be cut as part of the Iraq's commitment.

Iraq cannot order the KRG to cut output from fields under its control -- even fields that officially belong to the state-run North Oil Company -- due to the bifurcated nature of the two governments' oil sectors and the Kurds' autonomous status.

The KRG reported crude production during September of 563,034 b/d, of which 347,821 b/d came from the state-run Kirkuk oil fields of Khurmala Dome, Bai Hassan and Avana Dome.

Hawrami said the KRG's target of boosting oil production to 1 million b/d is largely dependent on oil prices recovering and upstream investment by foreign oil companies.

--Robert Perkins,
--Edited by Dan Lalor,

Listen to our related podcast: Phone a friend: OPEC calls for oil output cut with non-member assistance