The Republic of Iraq confirmed that the reduction in production by the OPEC plus group is due to the stability of the market and its requirements.
The Iraqi Foreign Ministry said in a statement today: “We are following the reaction to the OPEC plus decision to cut oil production and the interactions reflected in this decision, adding that the path relied upon within the organization expresses a technical vision related to the stability of the oil markets. and its requirements, as well as with the organization of the process of supply and demand and the protection of the interests of producers and consumers, and they must converge on technical grounds, in their economic context and with the collective agreement between the OPEC plus countries.
She added that the ministry rejects any policy aimed at pressure and supports the position of the organization, especially the Kingdom of Saudi Arabia.
