Oil Minister announces Iraq's intention to participate in continuing to reduce world supply

by **claud39** Sat Jun 08, 2019 8:00 am

BAGHDAD / Press tomorrow:

Oil Minister Thamer Ghadban on Friday that the global oil market is still unstable due to geopolitical conditions.
Al-Ghadban said in a statement received by Al-Ghad Press that the minister's comments on the sidelines of the St Petersburg conference in Russia are part of "the search for solutions and appropriate agreements that strengthen the position of the producers within the organization and the countries that cooperate with them. The oil prices in close periods reflected negatively on the economies of both exporting and importing countries. "

"Iraq has been and still has a positive role and pivotal, with all the appropriate options that support the stability of the world oil market, where will decide the next ministerial meeting in early July in Vienna, will determine the form of the new agreement."
"After reading and reviewing the reports and statistics of the specialized committees, we have confirmed the desire of many member countries to continue the decision to reduce oil production until the end of this year, and until control of supply in the oil market and balance between supply and demand.

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