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Iraqi-Saudi understanding to rebalance the global oil markets July 13, 2020 23 Former British managers convicted of corrupt oil contracts in Iraq Iraq and Saudi Arabia announced on Monday their full commitment to the OPEC + agreement to reduce production with a goal Rebalancing oil prices on world markets. This came in a telephone call between Iraqi Oil Minister Ihsan Abdul Jabbar Ismail and Saudi Energy Minister Abdul Aziz Bin Salman. According to a joint statement issued by the two sides, “The Kingdom of Saudi Arabia and