Iraq’s Oil Minister joins OPEC+ and global energy talks in Riyadh

Baghdad (IraqiNews. com) – Basim Mohammed Khudair, Iraq’s Minister of Oil, attended a series of high-level energy meetings in Riyadh, including OPEC+ consultations and international ministerial talks on oil market stability, energy security, and investment amidst rising regional instability. According to Iraq’s Ministry of Oil, Khudair attended an OPEC+ consultative meeting where members addressed global oil market changes, energy security, and the significance of continuing to invest in oil infrastructure. The talks also focused on the need to fortify energy systems and infrastructure to survive interruptions, as regional instability and uncertainty over shipping via the Strait of Hormuz continue to provide issues for oil-producing nations.

Iraq, one of OPEC’s main producers, depends largely on petroleum exports to fund government expenditures; therefore, the stability of international oil markets and export routes is critical to its economy. During his visit to Riyadh, Khudair attended the 25th WPC Energy Congress, themed “Pathways to Energy for All. ” The congress gathered energy ministers, industry leaders, and international organizations to discuss energy security, investment, and the transition to more sustainable energy systems. The discussions included technology to minimize carbon emissions, clean hydrogen development, and energy project finance, as well as initiatives to ensure secure and dependable energy supply. The Iraqi Minister also attended the 17th International Energy Forum Ministerial Meeting (IEF17), which was sponsored by Saudi Arabia with the subject “Energy Security and Shared Goals in a New Era. ” The event aimed to increase collaboration between energy producers and consumers, improve openness in global oil and gas markets, and expand energy data…