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Oil Ministry: We are working to re-balance the oil market
Baghdad / term
Oil Ministry: We are working to re-balance the oil market
Baghdad / term
The Minister of Oil Jabar Luaibi, that Iraq will strengthen efforts to restore the balance and stability of the oil market.
Allaibi said in a press statement, said that "Iraq is keen to communicate and consult with our brothers in the Organization of Arab Petroleum Exporting Countries (OAPEC), and that the meetings of the 97th Session held in Cairo is an opportunity to strengthen the bonds of relations with our brothers in the organization in order to unify positions in order to meet the challenges facing the the world oil market. "
He stressed that "Iraq will work to strengthen these efforts in order to work to restore the balance and stability of the oil market and support oil prices."
For his part, the oil minister of Kuwait, the current chairman of the Council of Ministers of the Organization Essam Abdul Mohsen Al - Marzouq, that " the goal of the organization the ultimate in holding the meeting 97 of the organization is its members cooperate in various aspects of activities related to the petroleum industry , " noting that " the historic agreement in Organization of petroleum exporting countries ( OPEC ) to re - balance global oil markets, and the role of the members of my organization , OPEC countries and OAPEC for the success of this agreement and the importance of the commitment of all parties in line with Algeria , the final agreement in September 2016 and the meeting of OPEC in November 2016, which resulted in the formation of a ministerial committee to monitor the production. "
Marzouki and referred to " the importance of the 2015 Paris Agreement on climate models predict which entered into force as well as how to adapt positively in line with the output of the petroleum industry."
Allaibi said in a press statement, said that "Iraq is keen to communicate and consult with our brothers in the Organization of Arab Petroleum Exporting Countries (OAPEC), and that the meetings of the 97th Session held in Cairo is an opportunity to strengthen the bonds of relations with our brothers in the organization in order to unify positions in order to meet the challenges facing the the world oil market. "
He stressed that "Iraq will work to strengthen these efforts in order to work to restore the balance and stability of the oil market and support oil prices."
For his part, the oil minister of Kuwait, the current chairman of the Council of Ministers of the Organization Essam Abdul Mohsen Al - Marzouq, that " the goal of the organization the ultimate in holding the meeting 97 of the organization is its members cooperate in various aspects of activities related to the petroleum industry , " noting that " the historic agreement in Organization of petroleum exporting countries ( OPEC ) to re - balance global oil markets, and the role of the members of my organization , OPEC countries and OAPEC for the success of this agreement and the importance of the commitment of all parties in line with Algeria , the final agreement in September 2016 and the meeting of OPEC in November 2016, which resulted in the formation of a ministerial committee to monitor the production. "
Marzouki and referred to " the importance of the 2015 Paris Agreement on climate models predict which entered into force as well as how to adapt positively in line with the output of the petroleum industry."
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