Oil Minister Meets His Indonesian Counterpart In Austrian Capital

BAGHDAD / NINA / Oil Minister, Adel Abdul-Mahdi discussed in Vienna with the Minister of Energy and Mineral Resources of Indonesia Sudirman Saeid aspects of cooperation between the two countries. The ministry said in a statement today that Abdul-Mahdi and Sudirman discussed on the sidelines of their participation in the Organization of Petroleum Exporting Countries (OPEC) in the Austrian capital, economic relations, especially in the field of energy and oil industries and the conditions of the global oil market and its negative consequences on the economies of producing countries. OPEC members have failed yesterday to reduce their production quotas to ensure oil prices recovered from the abyss of decline that led to the loss of producers billions of dollars a month as a result of the insistence of a number of exporters to flooding the market with surplus production. / End