OPEC members were holding an emergency meeting after Algeria Energy Forum

2016/09/20 14:09

{Int: Euphrates news}

Algerian Energy Minister Noureddine he, Tuesday, the Member States of the Organization of petroleum exporting countries {OPEC} may decide to hold an emergency meeting to discuss prices immediately after the informal meeting in the capital Algeria next week.

He said, in a statement, he is optimistic that participants will reach a consensus on how to stabilize the crude markets during the Algeria meeting producers within OPEC and outside the organization from 26 to 28 September.

The Algerian Foreign Minister, Ramtane Lamamra, Iraq invited to participate actively in the global energy Forum meeting the end of September, during a meeting with Foreign Minister Ibrahim Al-Jaafari.

And the oil Ministry spokesman Assem Jihad said in September 10th, "Iraq Algeria scheduled meetings will end of September, and that the oil Minister Jabbar allaibi", noting that "Iraq with any decision reached by the producing countries contribute to raise oil prices."

The Ministry spokesman pointed out that "Iraq has a vision to be discussed with OPEC to support oil prices, would abide by any decision in favour of higher prices", noting that "there is a conflict in oil-producing countries of OPEC, of seeking to reduce production and others need to increase production".