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[ltr][rtl]History[/rtl] of [rtl]edits:: 2016/12/7 23:55 • 39 visits readable[/rtl][/ltr]
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[Oan- Baghdad]
Through Oil Minister Ali Jabbar Allaibi hoped to stabilize the oil market during the first half of next year.
The oil minister said, according to a ministry statement received by all of Iraq [where] a copy of it, that "Iraq will take part in the organization of meetings with producers from abroad in Vienna next Saturday."
He stressed that "the OPEC decision to cut oil production in response producing countries outside of OPEC's decision reduction is an important step that will control the glut of oil supply in the global market in the coming period and contribute to the increase in oil prices gradually, and that all oil-producing countries commitment from within and outside the organization's decision the reduction will be important and weighty factor in stabilizing the oil market to achieve common goals. "
Luaibi added that "Iraq has been and is still working on the oil Astaqraralsouk and maintain the unity of OPEC and shared responsibility for the producers require at this stage to develop effective solutions for the recovery of prices and the stability of the oil market."
It is scheduled to meet next Saturday OPEC in Vienna with countries from outside the organization to finalize an agreement to reduce the world oil production.
The OPEC had agreed last week to cut production about 1.2 million barrels a day starting next January in an attempt to reduce the surplus of the global supply of oil and the strengthening of prices.
This included the reduction of 200 thousand barrels per day from Iraq.
OPEC hopes that non-Member States which contribute about 600 thousand barrels per day in this cut.
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Iraq stresses the commitment to reduce production and participate OPEC meeting next Saturday
[/ltr][ltr][rtl]History[/rtl] of [rtl]edits:: 2016/12/7 23:55 • 39 visits readable[/rtl][/ltr]
[ltr][You must be registered and logged in to see this image.]
[Oan- Baghdad]
Through Oil Minister Ali Jabbar Allaibi hoped to stabilize the oil market during the first half of next year.
The oil minister said, according to a ministry statement received by all of Iraq [where] a copy of it, that "Iraq will take part in the organization of meetings with producers from abroad in Vienna next Saturday."
He stressed that "the OPEC decision to cut oil production in response producing countries outside of OPEC's decision reduction is an important step that will control the glut of oil supply in the global market in the coming period and contribute to the increase in oil prices gradually, and that all oil-producing countries commitment from within and outside the organization's decision the reduction will be important and weighty factor in stabilizing the oil market to achieve common goals. "
Luaibi added that "Iraq has been and is still working on the oil Astaqraralsouk and maintain the unity of OPEC and shared responsibility for the producers require at this stage to develop effective solutions for the recovery of prices and the stability of the oil market."
It is scheduled to meet next Saturday OPEC in Vienna with countries from outside the organization to finalize an agreement to reduce the world oil production.
The OPEC had agreed last week to cut production about 1.2 million barrels a day starting next January in an attempt to reduce the surplus of the global supply of oil and the strengthening of prices.
This included the reduction of 200 thousand barrels per day from Iraq.
OPEC hopes that non-Member States which contribute about 600 thousand barrels per day in this cut.
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