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    Russian Energy Minister, Iraqi Oil Minister Discuss OPEC-Non-OPEC Cooperation

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    Russian Energy Minister Alexander Novak and Iraqi Oil Minister Jabbar Luaibi have discussed cooperation in energy, including within the framework of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC cooperation, according to the Russian Energy Ministry.

    MOSCOW (Sputnik) — Russian Energy Minister Alexander Novak and Iraqi Oil Minister Jabbar Luaibi have discussed cooperation in energy, including within the framework of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC cooperation, the Russian Energy Ministry said in a statement Thursday.

    "Russian Energy Minister Alexander Novak has held a meeting with Iraqi Oil Minister Jabbar Luaibi. The parties have discussed urgent issues of bilateral and multilateral cooperation in energy, including within the OPEC and non-OPEC ministerial meeting," the statement said.

    Novak indicated that Russia and Iraq were interested in further development of mutually advantageous economic cooperation.

    OPEC and 10 non-cartel oil producers reached a deal in the Austrian capital of Vienna in 2016, agreeing to cut oil output by a total of 1.8 million barrels per day from October's level to support oil prices. Non-OPEC states, including Russia, promised to jointly reduce oil output by 558,000 barrels per day, with Russia pledging to cut production by 300,000 barrels daily.

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    OPEC, Jabbar Luaibi, Alexander Novak, Iran, Russia
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