Baghdad The Deputy Prime Minister, Minister of Oil affirmed the commitment of the member states of OPEC to production rates and to the percentages and quantities of reduction decided until the end of 2023.
He said during his participation in the ministerial meeting of the member states of the Organization of Petroleum Exporting Countries “OPEC” via the electronic circuit, according to a statement by the Ministry of Oil: The meeting affirmed the keenness of the members of “OPEC” to work on stabilizing the oil markets and achieving the required balance, and Abdul Ghani indicated that the meeting program has included discussing and reviewing the developments of the oil market, in addition to discussing a number of axes on the agenda of the meeting and taking decisions in their regard.
On the ministerial meeting of “OPEC Plus”, the Minister of Oil said: The meeting will be held tomorrow, Sunday, via the electronic circuit, and includes a review of developments in the oil market and the challenges facing producers, and an emphasis on the decisions of “OPEC Plus” regarding reducing production to the prescribed quantities, to achieve more stability and balance in the market. oil.”
Source: National Iraqi News Agency