Oil Minister: Iraq Holds New Ideas And Proposals For The Next Ministerial Meeting of OPEC

BAGHDAD / Iraqi Oil Minister, Jabbar Ali Hussein Laibi confirmed Iraq's keenness on the unity and strength of the Organization of Petroleum Exporting Countries "OPEC" in stabilizing the world oil market and support oil prices.

Laibi said in a ministry statement: "The Iraqi delegation to the next ministerial meeting of OPEC at the end of this month will carry new ideas and proposals aim to make great convergence and consensus among OPEC's members to reach an agreement guaranteeing to achieve common goals for the producers, including the stability of the market and support oil prices to acceptable levels. "

He pointed out that "Iraq has been and continues to play a positive and clear role in dealing with the issues and challenges and market volatility faced by " OPEC".

He stressed that "Iraq reaffirms his commitment to the unity and cohesion of the organization and his legitimate demands should not be understood as an obstacle to reaching a new agreement to freeze production, and Iraq relies heavily on the next meeting on the concern and efforts of members and producers from inside and outside the organization and the wisdom of the Secretary-General Mohammed Barkindo to reach just and fair agreement takes into account the interests of all and put an end to the oversupply of crude oil in the global market, ".

Source: National Iraqi News Agency