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Riyadh and Baghdad agree to implement oil supply cuts DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Riyadh and Baghdad agree to implement oil supply cuts

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Riyadh and Baghdad agree to implement oil supply cuts Empty Riyadh and Baghdad agree to implement oil supply cuts

Post by RamblerNash Sun Oct 22, 2017 11:29 pm

Riyadh and Baghdad agree to implement oil supply cuts

Riyadh and Baghdad agree to implement oil supply cuts Image

The Euphrates -
 
Minister of Energy, Industry and Mineral Resources, Khalid Al-Faleh, said that 'oil prices are improving', stressing during his visit to the Baghdad International Fair, that the oil market is heading for greater stability.

Saudi Oil Minister Khalid al-Faleh and his Iraqi counterpart Jabbar al-Luaibi agreed on Saturday to cooperate in implementing OPEC decisions to reduce global supplies of crude oil, the ministry said.

"The best example of the importance of cooperation between our two countries is coordination of the situation of the oil market towards improvement and stability," Al-Falih said in a speech at the opening of the exhibition in Baghdad.

Faleh is the first Saudi official to deliver a public speech in Iraq for decades. In 2015, the two countries began to take steps to improve relations after troubled relations over more than 25 years since the Iraqi invasion of Kuwait in 1990.

The Saudi Export Development Authority is participating in the 44th Baghdad International Fair, which will last for 10 days, with a selection of Saudi companies up to 60 Saudi companies from various industrial and service sectors.

Saudi Exports employs all its capabilities to improve the efficiency of the export environment, develop export capabilities, promote exporters and their products, create export opportunities for them, develop programs and encourage exporters, and promote Saudi products in international markets.

The first aircraft of the Saudi company NAS landed last Wednesday at the Baghdad International Airport for the first time in 27 years in the strongest sign of the desire to boost trade and economic mobility between the two countries.

http://www.alforat.info/index.php?page=article&id=51452
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