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Oil Minister: Iraq will not change its export policy and its commitment to OPEC
08:58 - 09/05/2019
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Information / Baghdad ..
Oil Minister Thamir al-Ghadhban said on Thursday that [You must be registered and logged in to see this link.] will not change its oil policy and its commitment to the Organization of Petroleum Exporting Countries (OPEC).
" [You must be registered and logged in to see this link.] keen to provide oil supplies to consumer countries and to stabilize the world market, provided that there is a fair price for the producing countries," Al-Ghadhban said in a statement published by the official newspaper "Sabah". on him".
He pointed out that "the oil ministry's commitment to what has been agreed with the members of (OPEC) and outside, at the same time, [You must be registered and logged in to see this link.] has the capacity to increase this large energy, but aware of the importance of stability of the market and remove the surplus of oil, will not resort to change its oil policy and commitment to (OPEC). "
Al-Ghadhban said that " [You must be registered and logged in to see this link.] has no intention to change its production and export policy now, and if there is a need to increase production or export, for every recent incident," noting that "on 19 of this month, will be the convening of the Ministerial Committee to monitor production in Jeddah, OPEC) and beyond the reduction and quantities of crude pumped to global markets.
"From now until the 19th of this month, there will be plenty of time to assess the reactions in the market and will prices continue to increase or stabilize?" Ending / 25
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