Iraq OilMin: We are optimistic there will be an overall agreement at OPEC

Following the comments by the Saudi Energy Minister Al-Falih, his Iraqi counterpart is on the wires, commenting on the OPEC output cuts policy.

Key Points:

We are optimistic there will be an overall agreement at OPEC.

Oil price slide not in the interest of OPEC members.

We have not yet started actual discussion on output cuts Iraq will follow any decision by OPEC.

Does not mind if baseline in Sept or Oct 2018 output.

Iraq oil production capacity to reach 5 mln bpd in 2019.