Iraq: market conditions suitable for OPEC agreement on oil

2016/9/22 12:18

[Oan- follow-up]

Iraq's ambassador to the Organization of Petroleum Exporting Countries said OPEC] Falah al-Amiri said Thursday that oil market conditions are the best raw producers inside and outside the organization to reach an agreement to support the market when they meet in Algeria next week.

Amery said, told Reuters he believed the meeting would be different this time because the conditions have improved so as to help producers to reach agreement in response to a question about the prospects for reaching a deal on oil production.

It is expected that greets producers inside and outside OPEC agreement on the stabilization of crude production when they meet in Algeria during the period from 26 to 28 September after a similar initiative in the Qatari capital Doha collapsed in April because of Iran's refusal to restrict the size of its oil production.

During the Gulf Intelligence forum of energy markets in Fujairah, United Arab Emirates Al Ameri said that some oil producers have had access to the market share of the best, compared with earlier in the year, and that Iran's production is higher than before after the lifting of sanctions on Tehran, which makes it a good time to reach an agreement .