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Iraq Ministry of Oil News: The Minister of Oil Confirms the Iraqi Commitment with the Cut Production Decision.

Mr. Al-Luiebi said also that Iraq supports also all the decisions which are for the interest of the crude oil producing countries

 Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil confirmed that Iraq is an active member in OPEC.

   Mr. Al-Luiebi said also that Iraq supports also all the decisions which are for the interest of the crude oil producing countries to achieve the stability in the global market and elevate the oil prices to the levels which meets the Iraqi desires, as well as the other countries… that was during the participation of the minister in the international oil summit which was held in Paris at Thursday the 27th of April.

   Mr. Al-Luiebi said that OPEC countries will hold a meeting in May the 25th and he said "definitely we will be committed with the decisions during the meeting, and we are agreed with any decision by OPEC to reduce the offer rates in the global market in order to achieve the demanded elevation of oil prices".

 

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