Iraq supported the proposal to extend the Vienna agreement for nine months

© RIA Novosti / Ilya Petliurite in photobacteria oil. Archival photoIraq supported the proposal to extend the Vienna agreement for nine months© RIA Novosti / Ilya Petliurite the image Bank

Iraq supports the extension of the agreement to reduce oil production for nine months, told journalists the Minister of oil of Iraq Jabbar al-Laibi.

«Iraq is very supportive of the proposal given by some members of OPEC. We support the proposal for nine months,» he said.

OPEC on 30 November last year in Vienna agreed to reduce its production by 1.2 million barrels a day from October level. Eleven non-OPEC countries, 10 Dec agreed to reduce its production a total of 558 thousand barrels per day, including RF — 300 thousand. The agreement was concluded for the first half of 2017 with possibility of extension. The question of the extension will be considered at the Ministerial meeting of the monitoring Committee of 24 may, and on the meeting of OPEC and countries that are not members of the cartel, may 25.Iraq supported the proposal to extend the Vienna agreement for nine months© RIA Novosti, Integratiebeleid in fotomonster and objectives of OPEC

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