In A Phone Call, The Minister Of Oil And His Russian Counterpart Confirm Commitment To Voluntary Production Cuts

Baghdad / NINA / - Deputy Prime Minister for Energy Affairs, Oil Minister Hayan Abdul-Ghani and his Russian counterpart, Deputy Prime Minister Alexander Novak, stressed the importance of teamwork, cooperation and joint solidarity, for oil-producing countries and their allies (OPEC +) in achieving a balance between supply and demand, and the stability of global oil markets. They affirmed the commitment of the two countries to the (OPEC +) agreement and to voluntary production reduction until the end of the year 2023.

In a phone call, the two ministers reviewed the relations between the two countries, and ways to enhance and develop them, especially in the oil and energy sector, in addition to discussing developments in the oil markets and the challenges facing the global economy./ End