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Iraq, Saudi Arabia affirm commitment to OPEC+ pact to achieve "fair" prices

Baku, November 11, AZERTAC

Iraq and Saudi Arabia have affirmed their "full commitment" to the OPEC+ output curbs decision in order to achieve an oil price that is fair to both consumers and producers, according to a joint statement published Nov. 10 on state news agencies.

Both countries "stressed full commitment to all decisions that have been agreed upon, in a manner that guarantees reaching fair and appropriate oil prices for exporters and consumers in the global oil market," the statement said.

The statement was issued after the end of a virtual meeting between Saudi Crown Prince Mohammed bin Salman and Iraqi Prime Minister Mustafa al-Kadhimi to discuss the outcome of the fourth session of the Saudi-Iraqi Coordination Council.

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