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Oil output likely to be extended for nine months

The Oil MInister Said that all Indicators with the Decision to Extend the Nine-Month New, Which Aims Members Through the Stabilization of More Global Markets

Hours before OPEC ministers meet in Russia, oil minister Jabbar Ali al-Laibi is expected to extend the decision to cut production for an additional nine months at a ministerial meeting of OPEC members with the participation of Russia on Thursday.


The oil minister said that all indicators with the decision to extend the nine-month new, which aims members through the stabilization of more global markets, stressing that OPEC's decisions contributed to stop the deterioration of oil prices.

For his part, ministry spokesman Asim Jihad said that the Organization of the Petroleum Exporting Countries (OPEC) celebrated the anniversary of solidarity with producers from outside, which reflected positively on the support of oil prices.

Source: Ministry of Oil

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