Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani convened on Tuesday in Moscow, emphasizing their nations’ roles in the global energy landscape and reinforcing their collaboration to stabilize the worldwide oil market.
President Putin commended the flourishing energy partnership between Russia and Iraq, highlighting Russian companies’ substantial investments of approximately $19 billion in Iraq.
Prime Minister Sudani expressed gratitude for Russia’s continuous support during the conflict against ISIS, including the supply of essential weaponry to Iraqi troops.
Russia and Iraq maintain robust economic ties, including active participation of various Russian oil companies in Iraq’s energy sector.
In their discussions, both leaders stressed the importance of fortifying coordination within the OPEC+ alliance to ensure a stable global oil market. OPEC+, led by Saudi Arabia and Russia, coordinates production levels to mitigate oil price fluctuations.
Iraq, a significant oil producer, ranks fifth among OPEC members, while Russia, the world’s second-largest oil producer, plays a pivotal role within OPEC+.
The meeting between President Putin and Sudani underscores the enduring camaraderie between Iraq and Russia, emphasizing their shared interest in advancing collaborative energy efforts.
رئيس مجلس الوزراء @mohamedshia : مايحدث في فلسطين نتيجة طبيعية لاستمرار الاحتلال الإسرائيلي في ارتكاب جرائمه، والدول الدائمة العضوية في مجلس الأمن أمام مسؤولية أخلاقية لإيقاف الانتهاكات والحصار على غزة. pic.twitter.com/AbdqqPGBfP— المكتب الإعلامي لرئيس الوزراء 🇮🇶 (@IraqiPMO) October 10, 2023