Iraq confirms its commitment to the OPEC Plus agreement and the importance of balancing oil markets, 27 OCT

Iraq confirms its commitment to the OPEC Plus agreement and the importance of balancing oil markets

Prime Minister Mohammed Shia Al-Sudani received on Sunday the Minister of Oil, Mr. Hayyan Abdul Ghani Al-Sawad, in the presence of the Undersecretary of the Ministry of Oil for Distribution Affairs and confirmed Iraq’s commitment to the OPEC Plus agreement.

During the meeting, Al-Sudani referred to the government’s past plans in the growth of the oil and gas sectors, and the development of their projects within the government program, through licensing rounds in which the investment of many oil and gas fields was contracted, in addition to investing in associated gas projects, and oil derivatives production projects.
 
With regard to cooperation with the OPEC Plus Group, the importance of partnership with oil-producing countries was stressed; with the aim of maintaining the stability and balance of global oil markets, and Iraq’s commitment to what was agreed within the framework of the group, including voluntary reductions and compensation for the increase in production, according to the updated table provided by the Ministry of Oil to OPEC.

https://alforatnews.iq/news/العراق-يؤكد%C2%A0إلتزامه-باتفاق-أوبك-بلس-وأهمية-توازن-أسواق-النفط