(BASRA, Iraq.) JUST IN: Iraq and Iran have not begun exchanging crude #oil due to technical reasons, Iraqi Oil Minister Jabar al-Luaibi said on Wednesday, contradicting Iran’s oil ministry news agency #AceFinanceDesk reports

#AFNews – 07/06/18: Iraq agreed last year to ship crude from the northern Kirkuk #oil field to Iran for use in its refineries after which Iran would deliver the same amount of oil to Iraq’s southern ports: Iran’s oil ministry news agency SHANA said on Sunday the exchange had started #AceFinanceDesk reports

Luaibi, speaking to Reuters on the sidelines of an oil agreement signing ceremony in Basra, also said OPEC would meet on June 23 but a production increase was not on the table as the market is stable and prices are good:

(Reuters) https://ift.tt/2sN6kPEhttps://t.me/acenewsgroup/514595: Reporting by Aref Mohammed; Writing by Ahmed Aboulenein; Editing by Mark Potter)

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