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Saudi Arabia and Iraq agree on coordination before the OPEC tomorrow


Washington / Baghdad –

Posted in:
Saturday 10 November 2018 – 21:08
| Last update:
Saturday 10 November 2018 – 21:08

Israeli energy minister Khalid al-Falih agreed on Saturday to work with Iraq to gain greater stability on the oil market, Iraqi oil ministry spokesman Assem Jihad said in a telephone conversation with a news agency. Bloomberg.

The Saudi Minister arrived in Baghdad for a meeting with Iraqi Prime Minister Adel Abdul Mahdi before an Abu Dhabi meeting between OPEC members and oil producers outside OPEC to discuss whether the production rate would be reduced on the background of falling prices of crude oil worldwide.

Asim Jihad refused to say whether Iraqi and Saudi officials directly discussed the possibility of reducing oil production but said al-Faleh and Abdul-Mahdi had discussed ways to extend bilateral cooperation between the two countries in the petrochemical sector and petrochemical investment and the possibility of setting up joint ventures.

Al-Falih is due to fly to Abu Dhabi later on Sunday for talks with OPEC members and with representatives of other oil producing countries outside the country, a statement by the Iraqi Prime Minister's office said.

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