Iraq, Saudi Arabia Meet to Discuss Greater Trade

- 1502404387 893cecde3c4400af2e683ff0f158cf80 L - Iraq, Saudi Arabia Meet to Discuss Greater Trade

ERBIL — Iraqi and Saudi officials met on Thursday to discuss future cooperation between Iraq and Saudi Arabia in different fields of economy and trade, the Iraqi Oil Ministry said in a statement. 

Iraqi Oil Minister Jabar al-Luaibi and the Saudi Minister of Energy Industry and Mineral Resources Khaled al-Faleh met on Thursday to discuss the cooperation between the two countries in the fields of energy, industry, mineral resources and trading, in addition to exchanged investments between both nations.

Earlier on Thursday, the Iraqi minister met with Saudi Vice King Mohammed bin Salman bin Abdulaziz al-Saud, and discussed oil policy coordination and the full commitment from both Iraq and Saudi Arabia to the oil production agreement, Kuwait News Agency reported. 

Iraq remains an active member of OPEC and signed an agreement to reduce oil production, along with several other countries who are not members of the organization. The agreement is expected to have a big impact on  oil prices on the international market.

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