Iraq and Saudi Arabia agree to work together to stabilize oil markets

© Reuters. FILE PHOTO: A worker walks at Rumaila oil field in Basra© Reuters. FILE PHOTO: A worker walks at Rumaila oil field in Basra

BAGHDAD (Reuters) – Iraq and Saudi Arabia agreed on Saturday to work together to stabilize oil markets, Iraq’s Oil Ministry spokesman Asim Jihad said.

Iraq and Saudi Arabia’s oil ministers also discussed at a meeting in Baghdad an electricity grid connection between the two countries to meet Iraq’s power needs, he said.

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