Iraqi Prime Minister: Iraq wants to stabilize oil prices

Iraqi Prime Minister Muhammad Shia Al-Sudani told reporters on Saturday that his country wishes to maintain stability in oil prices at a level that does not exceed $ 100 a barrel.

He added that Iraq, a member of the Organization of Petroleum Exporting Countries “OPEC”, will hold discussions with other members of the organization to reconsider and increase its production quota.

He said his country “wishes to abide by OPEC policies and decisions, but at the same time sees … that Iraq must reconsider its quota.”

He added that there are several reasons for this, including the need for “Iraq reconstruction funds”.

He said his country “is enthusiastic about the stability of energy prices. We don’t want prices to rise above $ 100 or fall at the same time. in a way that affects the level of supply and demand “.

Al-Sudani’s government has entered in office in late October, ending more than a year of deadlock since parliamentary elections.

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