Iraq and Saudi Arabia affirm their full commitment to the oil production reduction agreement


 

Oil Minister Jabbar al-Luaibi and Saudi Deputy King Mohammed bin Salman discussed the opening of land ports, direct flights and encouraging trade exchange and investments from the Saudi private sector, stressing the commitment of Iraq and Saudi Arabia to the “full” agreement to reduce oil production.
“The Deputy Custodian of the Two Holy Mosques Prince Mohammed bin Salman bin Abdul Aziz Al Saud met in Jeddah with Iraqi Oil Minister Jabbar al-Allaibi,” the Saudi Press Agency said in a statement.
During the meeting, the two sides reviewed bilateral relations, especially the joint opportunities in the economic fields in general and energy in particular, including the opening of land ports, direct flights and encouraging trade and investment from the private sector. The discussion also touched on the close cooperation between the two countries in the field of policy coordination And reaffirm the two countries’ full commitment to the agreement to reduce oil production until markets reach the target balance of this agreement. ”
The Iraqi Minister of Oil conveyed the greetings of the Iraqi leadership and people to the Custodian of the Two Holy Mosques and his deputy. The Iraqi government wishes the Kingdom further progress and prosperity. Areas of interest to the people of the two countries. ”
Oil Minister Jabbar al-Luaibi arrived in Saudi Arabia on Tuesday at the head of a high-level delegation at an official invitation.

http://en.economiciraq.com/2017/08/10/iraq-and-saudi-arabia-affirm-their-full-commitment-to-the-oil-production-reduction-agreement/

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