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Al-Ghhban discusses with Faleh the stability of the oil market and the participation of Saudi compan

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rocky
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Al-Ghhban discusses with Faleh the stability of the oil market and the participation of Saudi compan

Post by rocky on Sat 10 Nov 2018, 9:31 am

Al-Ghhban discusses with Faleh the stability of the oil market and the participation of Saudi companies in Iraq



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announced that the Iraqi Oil Ministry on Saturday, said its minister Thamer Ghadbantalks with Saudi Oil Minister Khaled Al- Faleh on the global oil market stability and the participation of Saudi companies to Iraq . 

"The Iraqi Oil Minister Thamer Ghadhban held talks with Saudi Oil Minister Khalid Al-Faleh on strengthening relations between the two countries and building understanding between the two sides," ministry spokesman Asim Jihad said in an interview with Alsumaria News. "The two sides have confirmed cooperation in the field of oil, electricity and petrochemical industries. And the field of gas investment and the involvement of Saudi companies, including Saudi Aramco and SABIC and the need to accelerate the development of memorandums of understanding signed between the two countries.

Jihad added that "the two sides also discussed coordination between the two countries to prepare for the OPEC conference, which will be held on the fourth of December next in Vienna, as well as the process of stability of the oil market and price stability," stressing that "the two sides confirmed the convergence of views on the market and production." For his part, Saudi Oil Minister Khalid Al-Falih said that "the security stability in Iraq after the victory achieved by the organization is a big victory, which will push the world, including Saudi Arabia to invest in Iraq and joint work, whether the government or private sector," pointing out that "Iraq plays Played a major role in OPEC as "one of the founders of the Organization and one of the largest producers of oil in the world." Saudi Arabia

reverted In 2016, its embassy was opened in Baghdad, which has been closed since 1990 following the Iraqi invasion of Kuwait. Iraq and Saudi Arabia agreed on October 22, 2017 to establish a coordination council in an effort to improve and strengthen relations between the two neighboring countries.



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