CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID MUBARAK AL-SHAFI

Business / Energy

Iraq willing to play role in propping up oil prices: Minister

Published: 27 Aug 2016 - 02:14 pm | Last Updated: 01 Nov 2021 - 11:33 pm
Peninsula

 Jabar Ali al-Luaibi

BAGHDAD: Iraq is willing "to play a role" within OPEC to support oil prices, Iraqi oil minister Jabar Ali al-Luaibi said on Saturday in the southern oil city of Basra. 

"Iraq is seeking to play a role in order to support oil prices while preserving a share that is proportionate to its reserves," the minister said, according to oil ministry spokesman Asim Jihad.

Reuters