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Iraq's Prime Minister Adel Abdul Mahdi Meets with Saudi Arabian Energy Minister Khalid al-Falih in Baghdad, Iraq November 10, 2018. Prime Minister Media Office / Handout via REUTERS
BAGHDAD (Reuters) – Iraq's Oil Ministry said spokesman Asim Jihad said, without giving further details.
During a meeting in Baghdad, Iraq and Saudi Arabia, he said.
The Saudi oil minister Khalid al-Falih also put Iraqi Prime Minister Adil Abdul-Mahdi.
Iraq currently pumps around 4.6 million barrels per day (bpd) of oil, second only to Saudi Arabia in the Organization of the Petroleum Exporting Countries. The bulk of Iraq's oil is exported via its southern terminals, which accounts for more than 95 percent of state revenue.
Earlier this week, Iraq's Oil Minister Thamer Ghadhban said the country's plans to expand its production and export capacity in 2019, with a focus on the southern oilfields, and is close to reaching a deal with international companies.
The country is targeting production capacity of 5 million bpd in 2019, with average exports expected to reach around 3.8 million bpd.
On Thursday, the United States granted Iraq has 45-day exemption from sanctions which it reimposed on Iran. The exemption will allow Iraq to continue to buy natural gas electricity from Iran.
"This relief gives Iraq," a video published on the U.S. Embassy in Iraq's official Facebook page said.
Reporting by John Davison; Editing by Hugh Lawson and Kirsten Donovan
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