Iraq and OPEC affirm their keenness to achieve a balance between supply and demand

Economy/International

10-03-2022, 16:58

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Baghdad-INA

The Minister of Oil, Ihsan Abdul-Jabbar Ismail, and the Secretary-General of the Organization of Petroleum Exporting Countries, OPEC, Muhammad Barkindo, affirmed today, Thursday, the keenness of Iraq and the organization to achieve a balance between supply and demand in the oil market.

The media office of the Ministry of Oil stated, in a statement received by the Iraqi News Agency (INA), that "Oil Minister Ihsan Abdul-Jabbar Ismail met the Secretary-General of the Organization of Petroleum Exporting Countries, Muhammad Barkindo, on the sidelines of his participation in the CERAWeek 2022 conference, which is being held in the US state of Houston for the period From 7-11 March.

The Minister of Oil said, "During the meeting, they discussed developments in the global oil market in light of the current situation and war between Russia and Ukraine and its repercussions on the oil market.".

The two sides affirmed, "OPEC Plus," was keen on achieving a balance between supply and demand and working to stabilize oil markets.