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Saudi Arabia and Iraq will seek to accelerate restoration of balance in oil market: SPA

CAIRO, Mar 31 (Reuters) – Saudi Arabia and Iraq aim to speed up the restoration of balance in oil markets by committing to implement the OPEC + agreement, the Saudi state news agency (SPA) said on Wednesday.

The statement was made public during an official visit by Iraqi Prime Minister Mustafa al-Kadhimi to Riyadh.

“The two countries cooperate through their association in the Organization of the Petroleum Exporting Countries (OPEC), as well as in the OPEC + group, to stabilize oil markets, and together they aspire to accelerate the restoration of balance in the markets by committing to the implementation of the OPEC + agreement, “said SPA.

(Reporting by Nayera Abdallah; edited in Spanish by Carlos Serrano)

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