The Iraqi Oil Minister expects the price of a barrel of oil to rise to $ 50 next year.

Ihsan Abdul Jabbar, the Iraqi Oil Minister, announced that the price of a barrel of oil is expected to rise to 50 dollars in 2021 and that the demand for oil will increase.

The Iraqi Oil Minister denied that Iraq had asked OPEC to exempt it from reducing production.

The member states of OPEC are scheduled to meet tomorrow, Monday, on the issue of reducing the production level.