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Iraq oil minister says oil prices reaching $100/barrel unsustainable -TV interview

Reuters
FILE PHOTO: South Oil Company chief Ihsan Abdul Jabbar speaks during an interview with Reuters in Basra

(Reuters) - Iraq's oil minister said on Sunday that oil prices reaching $100 a barrel will not be sustainable and that OPEC wants stable markets.

Ihsan Abdul Jabbar added in a TV interview with Skynews Arabia that he is working on a programme to raise the country's oil production capacity to 8 million barrels, calling it a balanced capacity.

Abdul Jabbar also said that Iraq aims for its gas production to reach 4 billion cubic feet before 2025.

(Reporting by Nayera Abdallah; Editing by Catherine Evans)