Russia and Iraq Confirmed the Commitment to Reducing Oil Production
Energy Deputy Prime Minister, oil minister Iraq Hayan Abdel Gani and his Russian colleague, Deputy Prime Minister of the Russian Federation Alexander Novak announced the importance of collective actions and unified positions of the OPEC-OPEC+ oil and stability for the stability of world oil markets, confirming the retention of oil production until the end of 2023 years, the press service of the Iraq ministry said in a statement.
“During the phone call of the deputy prime minister of Russia Alexander Novak on Friday, the Minister of Oil Iraq Hayan Abdel Gani, they examined the ways of strengthening and developing relations between the two countries, especially in the oil and energy sectors, and also discussed events in oil markets and the problems facing before The global economy, ”the message says.
As noted in the ministry, the parties “emphasized the commitment of the two countries to the OPEC+ and the voluntary reduction of oil production until the end of 2023. They announced the importance of collective actions, cooperation and uniform positions of the OPEC+ oil -producing countries in achieving the balance between demand and offer, as well as Stability of world oil markets. ”
