Oil Minister: Iraq will cooperate with OPEC and outside the reduction in oil production

Economic Page
January 30, 2016 16:48
Readers Number: 15

Oil Minister Adel Abdul-Mahdi, Saturday, that Iraq would cooperate with others in the reduction of oil production, noting that Iraq was already a major victim in the question of reduction of oil production.
Abdul-Mahdi said in an interview that "with Iraq and with the consensus and unity of OPEC if there was an agreement between all parties to the Organization of Petroleum Exporting Countries and even outside if the producers really wanted to cooperate and reduce their share of the oil."
Abdul-Mahdi said that "Iraq had previously paid its share in this area was the major victim of the question of reduction of production," noting "We understand these issues but the reduction of production will be under a roof and how we will defend our national rights of this last debate."
The drop in oil prices to less than $ 30 per barrel all producing countries ore-exporting, particularly those countries that depend public budgets on these oil revenues, mainly that encourages these countries to talk Anamkanah agreement to reduce output by 5% each State may hurt.