Iraqi oil minister expects oil to reach over US$75

Ihsan Abdul-Jabbar (centre) added in a televised interview with state TV, that OPEC is trying to "control the energy market, in a positive way" that maintains the interests of all parties, consumers and producers.

Iraq's oil minister said on Monday that he expects oil prices to reach over US$75 a barrel.

Ihsan Abdul-Jabbar added in a televised interview with state TV, that OPEC is trying to "control the energy market, in a positive way" that maintains the interests of all parties, consumers and producers.