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‘OPTIONS WILL BE LOGICAL’

Iraq to offer new proposals for Opec oil accord

LONDON, November 21, 2016

Iraq will offer three new proposals at the Opec meeting in Vienna, Austria on November 30 to discuss implementing an Opec accord to cut output, a senior government official said.

The options will be consistent with Opec policy and are designed to bolster the unity of the group, Iraq’s Oil Minister Jabbar al-Luaibi was quoted as saying in a Wall Street Journal report.

“Our alternatives are based on other variables and will make it easier for Opec members to make a decision,” he told the paper, without giving any details of the proposals.

“All of the options will be logical and in line with Opec policy,” he added.




Tags: Iraq |

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