BAGHDAD, Nov 12 (Reuters) – Iraq is eager to keep up secure oil costs at no more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani instructed reporters on Saturday.
Iraq, a member of the Group of the Petroleum Exporting Nations (OPEC), can have discussions with different members to rethink and enhance its manufacturing quota, he added in a briefing.
“Iraq is eager for stability of vitality costs, we are not looking for costs to extend above $100 and neither, on the identical time, for them to fall in a means that impacts the extent of provide and demand,” he mentioned.
Sudani’s cupboard took workplace in late October, ending greater than a yr of impasse since a parliamentary election. He was backed for the submit of prime minister by an alliance of Iran-aligned factions.
Sudani mentioned Iraq was decided to maintain mediating between regional rivals Saudi Arabia and Iran, which have been locked in proxy conflicts throughout the Center East and began talks final yr hosted by Baghdad to attempt to include tensions.
“The involved events formally requested us to proceed enjoying this position”, Sudani mentioned.
Frictions have grown lately between Saudi Arabia and Iran, which has been swept by greater than two months of protests ignited by the demise of 22-year-old Mahsa Amini whereas she was within the custody of the nation’s morality police.
Iran has accused overseas adversaries of fomenting the unrest.
Iran’s intelligence minister instructed Saudi Arabia on Wednesday that there isn’t a assure of Tehran persevering with its “strategic persistence,” in accordance with semi-official Fars information company.
Final month, Iran’s Revolutionary Guards chief Hossein Salami warned Saudi Arabia Riyadh to regulate its media retailers.
Reporting by Charlotte Bruneau; Writing by Enas Alashray/Tom Perry; enhancing by David Evans
Our Requirements: The Thomson Reuters Belief Ideas.