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Fri Sep 13, 2019 11:53 am
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Oil Minister meets Saudi counterpart in Jeddah
Economy News Baghdad
Oil Minister Thamir al-Ghadhban arrived in Saudi Arabia for a meeting of the ministerial committee on production control in Jeddah on Sunday.
In a statement received by the Economist News on the sidelines of his meeting with Saudi Energy Minister Khalid Al-Falih, Al-Ghadhban said Iraq is keen to achieve greater stability and balance of the oil market.
He added that "the meeting aims to review and assess the global oil market after the agreement to reduce production by the members of the Organization of OPEC and its allies from outside, led by Russia in December of last year 2018, which was to reduce production by (1 million and 200 thousand barrels) And for a period of 6 months and ends in June next. "
"The meeting will review and assess the global oil market after hearing the reports of the relevant committees and then make appropriate recommendations to the ministerial meeting to be held in Vienna next June," Ghadhban said.
In turn, spokesman for the Ministry of Oil Assem Jihad, according to the statement, "The Deputy Prime Minister for Energy and Oil Minister and his accompanying delegation had a meeting with Saudi Energy Minister Khalid Al-Faleh, along with a number of officials in a number of ministries and companies in Saudi Arabia."
Jihad pointed out that the meeting included "follow-up of some important files that have been agreed recently by the Iraqi-Saudi Coordination Council."
He stressed "directly a number of ministries to work on the activation of memorandums of understanding, including the energy file."
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