Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadhban said that the meeting comes within the framework of the keenness of the producer countries of the Organization of Petroleum Exporting Countries (OPEC) and its co-sponsors from outside to monitor the decision to reduce the oil production, which was taken before the end of last year, From January 2019 for a period of (6) months.
He added that the meeting aims to review the reports prepared by the specialized committees and emanating from the meetings of the producers in order to achieve members' commitment to the decision to reduce production to advanced levels and control over surplus oil supply and to take appropriate steps to maintain the target set by OPEC and its partners, The stability of world oil markets and the acquisition of fair prices for producers and consumers, and this leads to the revitalization of the global economy.
Al-Ghadhban said that Iraq plays an important role in bringing the views of the producers closer to reaching logical and realistic solutions and decisions, and that through his meetings with his counterparts he noticed their keenness to do so.
The oil minister stressed that the decision to extend the agreement or otherwise will be discussed at the next meeting in Vienna next month.
The Deputy Prime Minister for Energy and Oil Minister participated in the press conference held before the meeting of the Ministerial Committee and the ministers of (Saudi Arabia, Russia, Azerbaijan) with the participation of the Secretary General of the Organization of Petroleum Exporting Countries "OPEC" For his part, said spokesman Assem Deputy Prime Minister for Energy Affairs and Minister of Oil, held a bilateral meeting with Russian Energy Minister Alexander Novak on ways to enhance relations between the two countries, expand cooperation in the oil and energy sector, and coordinate and consult on the stability of the world oil market.
The Minister of Oil also held a meeting with Saudi Energy Minister Khalid Al-Falih on strengthening bilateral cooperation between the two countries through strengthening and expanding joint projects and working on coordination, consultation and communication in order to achieve common goals in the interest of the two brotherly peoples.
Jihad pointed to the meeting of the Ministerial Committee on Production Control will be held on Sunday to discuss the agenda of the review of production and the status of the oil market.