2017/06/13 | 11:01
(Encyclopedia of this Day News | Iraq News ) - Economy News _ Baghdad: Oil Minister Jabbar Luaibi said, the monitoring committee of production cuts in OPEC, will meet next month of July, to consider the review of the agreement.
According to Allaibi, in a press interview he followed the economy News, reconsider the reduction of oil production agreement depends on the outcome of the monitoring committee of production cuts in OPEC, expressing his hope for the continuation of the agreement so that it can raise oil prices.
He said, there is a meeting of the committee in the next month of July, which is estimated to whether there is a need to review.
And the participation of Russian companies in the reconstruction of Iraq, Luaibi said, I personally see that there are large spaces in front of Russian companies to develop infrastructure in Iraq, and I hope to see Russian companies and Made more effective force in Iraq.
He said, we have a contract with Lukoil Russian exploration and is working efficiently in Iraq.
He Allaibi, there is coordination between Iraq and Russia over the issue of oil prices, indicating our direct coordination with the Russian side, I have a semi - regular contact with Russian Energy Minister Alexander Novak and there is an agreement on prices.
He said Russia and the desire to coordinate with OPEC and there are common interests with the organization, and there is a common vision in this area.
The Minister of Oil, sent during my visit to the exhibition in the city of St. Petersburg recently call for Russian companies to come to contribute to the reconstruction of Iraq and contribute to the energy sector in particular.