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Al-Ghadhban invites a number of parties to attend the crude oil pricing meeting
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Oil Minister Thamir al-Ghadhban on Tuesday called on regulators and members of the oil and energy committee to attend the crude oil pricing meeting in its next sessions to review pricing mechanisms.
This came during the head of Ghadhban for the monthly meeting of the price of crude oil at the headquarters of the oil marketing company (Somo).
"The ministry has great experience in the field of marketing and follow-up changes in the markets," the Oil Ministry's Information Office quoted the oil minister as saying during the meeting. "Iraq's commitment to the decision to cut production by the OPEC oil producers and the authorities, Supporting them, and in turn led to the stability of prices in the global market and to reach reasonable levels.
Al-Ghadhban added that "the meeting reviewed the reports of the relevant committees in the oil marketing company (SOMO), which includes the European, American and Asian market conditions and the variables and influences in the world oil markets." In light of this, the pricing is approved with all transparency and objectivity, Light crude and medium, and is taking into account the achievement of the highest financial benefit and revenues of the federal treasury of Iraq. "
For his part, spokesman for the Ministry of Oil Assem Jihad, "This meeting is held monthly and regularly in the Oil Marketing Company, headed by the Minister of Oil and attended by the Undersecretaries of the Ministry and Inspector General and Directors General of the Oil Marketing Company and the Technical Department and the Economic Department and the Department of Internal Control and specialized sections In the marketing company and other stakeholders in the oil sector companies. "
"The Iraqi oil pricing is being adopted after extensive study and realistic reading of the world oil market conditions."
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