Russia and Iraq are willing to jointly maintain the stability of the oil market
Russian Energy Minister Novak said on the 15th that Russia and Iran are willing to continue to increase oil production and maintain the stability of the oil market within the framework of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC major oil producers including Russia.
According to a statement issued by the Russian Ministry of Energy, Russian Energy Minister Novak and Iranian Oil Minister Bian Zanjane held talks in Moscow, the Russian capital. Nowak said that the global demand for energy is growing, how to meet demand, and to prevent the oil market from "overheating", which is a problem that needs to be resolved on the current agenda. Russia and Iran have jointly increased the amount of oil extracted, aiming to shoulder their respective responsibilities and stabilize the market, and to establish stable and predictable rules for producers, consumers and investors in the oil sector.
The statement pointed out that the two sides expressed their willingness to continue to regulate the future oil exploitation. Russia and Iran have always maintained active contacts and will help the two countries to carry out all-round cooperation in the economic and trade fields including energy.
OPEC: The oil market is fragile but still stable.