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Post: Iraq and OPEC demand stability guarantee in oil prices


Oil pumping seat - RIA Novosti, 1920, 19.03.2023
Oil rocker. archive photo

Iraqi Prime Minister and OPEC Secretary General urged to ensure stability in oil prices

DOHA, March 19 – RIA Novosti. In the report, Iraqi Prime Minister Mohammed al-Sudani and OPEC Secretary General Haytham al-Ghais said coordination is needed between oil exporting countries to ensure that oil prices do not fluctuate in the market. expression On the Iraqi government website after the OPEC Secretary General’s visit to Baghdad.

“Oil exporting countries need to coordinate their actions to avoid oil price fluctuations and their impact on both exporting and consumer countries,” the report says.

Iraq is a founding member of the Organization of Petroleum Exporting Countries (OPEC).

In addition, Iraqi Oil Minister Haiyan Abdul Ghani said on Sunday that the country plans to maintain its oil production cut rate of 220,000 bpd, in line with its quota under the latest OPEC+ alliance agreement. “We have compelled some oil companies operating in the south to cut production to meet the agreed OPEC+ rates,” he said.

Oil tanker in the port of Ras al-Khair, Saudi Arabia - RIA Novosti, 1920, 16.03.2023

West’s main sanction rate bit

Source: Ria

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