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Updated: oil falls 5% upon settlement, with geopolitical concerns calm


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Oil announced the formation of committees in preparation for the OPEC meeting in Baghdad

10:40 - 02/02/2020
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Information / Baghdad ..
The Ministry of Oil announced, Thursday, the formation of committees to prepare to host the OPEC meeting in the capital, Baghdad, stressing that there is interest by the organization to commemorate its 60th anniversary in Baghdad.
Said ministry spokesman Assem Jihad said in a statement seen by / information /, " The organization (OPEC) will hold a ceremony with the participation of ministers of the oil - exporting countries , " he said, adding that "there are important events recalling the role of Iraq 's great in the founding of this organization in 1960 and embrace Baghdad , the first meeting to her".
Jihad added, "There is an interest in qualifying the places that witnessed the first meeting of this organization in the People's Hall adjacent to the former Ministry of Defense, as the Ministry took this upon itself," noting that "this step represents a message from Iraq."Being an important part of the global oil system and an important economic force, as well as being the second largest oil exporter in the organization after Saudi Arabia.
Jihad said that " the Ministry has over the past years , the restoration of the status of Iraq in this important international organization, and has made Iraq an important part in the agreements or decisions that are taken, as described the position of Iraq has always Hakim being played a role very important during the previous meetings in the convergence of views between Member states to turn into agreements, which led to the restoration of balance in the oil market and the recovery of oil prices after the economic crisis. Ended / 25

https://www.almaalomah.com/2020/02/06/454240/

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