Algiers deals approval hinges on Iraq, Iran: Azerbaijan
By Trend
Adoption of a road map on Algiers agreements, reached after OPEC and non-OPEC meeting, will depend on positions of Iraq and Iran, which earlier rejected to cut oil output, Azerbaijan’s Energy Minister Natig Aliyev told reporters October 29.
“Everything hinges on positions of countries, firstly, OPEC members, in particular, such countries as Iran and Iraq,” said Aliyev, RIA Novosti reported October 29.
“Even if the majority of the OPEC countries commit to some
extent to the existing mood, to the hopes of all the producing
countries in the soonest stabilization of prices
in the market and an increase in prices, countries such as Iran and
Iraq are more interested today in increasing their oil production,
increasing volumes, reaching the positions they have always had at
the OPEC,” he added.
“Therefore, it is very important
for us to have their point of view today, considering what can
happen until the end of the year,” said Natig Aliyev.
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