Baghdad/ Iraq TradeLink: Iraqi oil ministry stated its position on the Saudi and Russian stands to reduce oil production till March,2018.
"Iraq supports any move to increase oil prices in the international markets", the ministry stated.
Yesterday, Saudi Arabia and Russia, the biggest world oil producers, agreed on the necessity to extend the period for reducing oil production in order to increase its prices.
On 27 April, 2017, the Iraqi oil minister Jabbar al-Lu'aibi stated that Iraq will abide by the opinions of OPEC's conference at the end of this month for the reduction of oil production.
Source: Iraq TradeLink