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OPEC secretary-general says oil prices can not stabilize without Iraq

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OPEC secretary-general says oil prices can not stabilize without Iraq Empty OPEC secretary-general says oil prices can not stabilize without Iraq

Post by RamblerNash Thu Mar 29, 2018 10:54 pm

OPEC secretary-general says oil prices can not stabilize without Iraq

OPEC secretary-general says oil prices can not stabilize without Iraq 6953

03/29/2018

Economy News _ Baghdad

The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Mohamed Barkando, said on Thursday that oil prices can not be stabilized in accordance with the decision to cut production without Iraq.

A statement by the Ministry of Oil received by the "Economy News", "Oil Minister Jabbar Ali al-Allaibi welcomed Barkando and his accompanying delegation, and during the meeting to emphasize support for the stability of the oil market."

"The Iraqi oil ministry has played a major role in achieving the completion of OPEC's decision to reduce production, because Iraq is the second largest oil producer within OPEC," Barkendo said during the meeting.

 "Without Iraq, there can be no stability in the oil market. Therefore, the role played by Iraq has been positive and important, which has helped stabilize the oil market, as well as the rise in oil prices globally," he said.

The oil minister stressed "the need for continued fruitful cooperation between Iraq and members of the Organization of the Petroleum Exporting Countries in order to achieve greater stability of the world markets," adding that "OPEC decisions contributed to stop the deterioration of oil prices."

http://economy-news.net/content.php?id=11746

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