Iraqi Minister Agrees with Saudi Call to Extend OPEC Cuts for 9 Months

Iraqi Oil Minister Jabar Ali al-Luaibi said on Monday he agreed with Saudi Arabia on the need for extending OPEC crude output cuts for a further nine months.
Saudi Energy Minister Khalid al-Falih. speaking at the same news conference in Baghdad. said the Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.
Existing output curbs by OPEC and non-OPEC producers were due to last for the first six months of 2017. A meeting this week of the Organization of the Petroleum Exporting Countries this week will discuss whether the cuts are extended.

About core

Check Also

Iraq’s Financial Revenues Surpass 65 Trillion Dinars, Oil Dominates at 95%

The Ministry of Finance revealed on Sunday that Iraq’s financial revenues in the federal budget …

Leave a Reply

Your email address will not be published. Required fields are marked *