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Iraqi minister agrees with Saudi call to extend OPEC cuts for 9 months
May 22, 2017 / 4:41 PM / 4 months ago

Iraqi minister agrees with Saudi call to extend OPEC cuts for 9 months

Iraq's Oil Minister Jabar Ali al-Luaibi talks to journalists during a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. REUTERS/Heinz-Peter Bader

BAGHDAD (Reuters) - Iraqi Oil Minister Jabar Ali al-Luaibi said on Monday he agreed with Saudi Arabia on the need for extending OPEC crude output cuts for a further nine months.

Saudi Energy Minister Khalid al-Falih, speaking at the same news conference in Baghdad, said the Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

Existing output curbs by OPEC and non-OPEC producers were due to last for the first six months of 2017. A meeting this week of the Organization of the Petroleum Exporting Countries this week will discuss whether the cuts are extended.

Reporting by Ahmed Rasheed and Isabel Coles; Editing by Edmund Blair

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