Iraqi Governor For OPEC To Join Oil Cuts Monitors Meeting Sunday - Ministry
Fahad Shabbir (@FahadShabbir) Published September 20, 2018 | 07:38 PM
The Iraqi delegation led by Alaa K. Alyasri, the acting director general of Iraq's Oil Marketing Company SOMO and the country's governor for the Organization of the Petroleum Exporting Countries (OPEC), will take part in the meeting of the OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) in Algeria on Sunday, Iraqi Oil Ministry spokesman Asim Jihad told Sputnik on Thursday.
MOSCOW (UrduPoint News / Sputnik - 20th September, 2018) The Iraqi delegation led by Alaa K. Alyasri, the acting director general of Iraq's Oil Marketing Company SOMO and the country's governor for the Organization of the Petroleum Exporting Countries (OPEC), will take part in the meeting of the OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) in Algeria on Sunday, Iraqi Oil Ministry spokesman Asim Jihad told Sputnik on Thursday.
On Sunday, September 23, Algiers will host a meeting of the JMMC, bringing together ministers from Saudi Arabia, Venezuela, Kuwait, Algeria, the United Arab Emirates, Russia and Oman. The meeting will focus on the current situation on the global oil market, as well as on the countries' compliance with their commitments under the Vienna deal and their future cooperation.
"[At the meeting Iraq will be represented by] a delegation led by SOMO director general, Iraq's governor for OPEC, Alaa K. Alyasri, there also will be a representative of the [Iraqi Oil] Ministry. The situation on the [oil] market will be discussed, after which decisions will be taken," Jihad said.
In 2016, OPEC and several non-OPEC oil producers agreed to cut output by a total of 1.8 million barrels per day in an effort to stabilize global oil prices. The agreement, which came into effect in 2017, has been extended twice since then and will remain in force until the end of 2018. Iraq was initially seeking exemption from the deal due to the need to drive up output in the wake of its war with the Islamic State (IS, terrorist group outlawed in Russia), but has in the end complied with the cuts deal.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
9 hours ago -
US stocks rebound on tech earnings, London hits new record
9 hours ago -
US approves gene therapy treatment for hemophilia
9 hours ago -
KATI president for inclusion of agri sector in tax net
9 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
11 hours ago -
Police to take every step for security of business community: IGP
11 hours ago
-
WB director, Planning minister discuss reforms in development projects
11 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
12 hours ago -
FBR’s data protection efforts commended by OECD assessment team
12 hours ago -
US stocks rebound on tech earnings, London hits new record
13 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
13 hours ago -
SBP to announce monetary policy on April 29
13 hours ago