Baghdad Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani affirmed the “OPEC Plus” alliance’s adherence to the previously established production agreement and the rate of reduction until the end of next year 2023, taking into account emergency changes and developments.
After his participation in the ministerial meeting of the “OPEC Plus” alliance, Abdul-Ghani said: The meeting emphasized taking more necessary measures regarding developments in the oil market, if required, in order to maintain the required balance and achieve more stability in light of the circumstances and challenges facing global markets.
The Minister indicated that “the agreement was reached on all the topics that were discussed, including those related to the Ministerial Committee for Production Control and the call for urgent and necessary meetings, and the importance of full compliance with the agreement and the compensation mechanism.
Source: National Iraqi News Agency