Iraq: the reduction in “OPEC +” production is linked to the stability of the market and its needs

The Republic of Iraq confirmed that the reduction in production by the “OPEC Plus” group is linked to the stability of the market and its needs.

The Iraqi Ministry of Foreign Affairs said today in a note: “We are following the reactions to OPEC Plus’ decision to reduce oil production and the interactions that the decision reflected, adding that the path that has been relied upon within the organization expresses a vision regarding the stability of oil markets and its needs, and the organization of a supply and demand process and protection of the interests of producers and consumers, and must converge on a technical basis, in their economic context and with a collective agreement between OPEC Plus countries .

He added that the ministry rejects any policies aimed at pressure and supports the organization’s position. in particularly the Kingdom of Saudi Arabia.