IRAQ'S OIL PRODUCTION: 5 MBD
PLATTS - Iraq is nearing a production capacity of 5 million b/d, though it will comply with its quota under the OPEC production cut agreement, oil minister Jabbar al-Luaibi said Saturday.
The Islamic State militant group had destroyed about 70% of Iraq's oil infrastructure in the north and set fire to 65 wells, Luaibi said, but with the militant group driven out of the country, Iraq is quickly rebounding.
"They did a lot of damage, but... Iraq's oil industry is progressing very…
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