Oil Minister Ali Jabbar Hussein Allaibi Saturday for Iraq's participation in OPEC meetings scheduled to be held in Vienna on Saturday, as he emphasized that the commitment of producers decision to cut oil production would be an important factor for the stability of the market.
Allaibi said in a statement received "direction Press" on, a copy of it, that "Iraq will take part in the organization of meetings with producers from abroad in Vienna next Saturday," he said, adding "the decision of OPEC to cut oil production in response producing countries outside of OPEC's decision reduction is an important step It would control the oil supply glut in the global market in the coming period and contribute to the increase in oil prices gradually. "
He added that "the commitment of all oil-producing countries from inside and outside the organization reduction decision will be important and weighty factor in stabilizing the oil market to achieve common goals."
Among Allaibi, 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."
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