UPDATE 2-Iraq has contingency plans in case Iran gas imports halted - minister [Reuters]
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Source: Reuters
Iraq has contingency plans in case Iran gas imports halted: minister BAGHDAD (Reuters) - Iraq has contingency plans for any stoppage of Iranian gas imports for its power grid but hopes no such disruption will take place, Oil Minister Thamer Ghadhban said on Thursday. He also said a meeting of OPEC’s ministerial monitoring committee in Saudi Arabia this weekend would assess member states’ commitment to a deal reducing oil production and that oil prices and markets were now stable. “It’s still too early to predict what will be decided,” Ghadhban told a news conference when asked whether the Organization of the Petroleum Exporting Countries and its oil-producer allies could extend the output cut or boost supplies. The gathering on Sunday in Jeddah may issue a recommendation ahead of OPEC’s policymaking meeting with its allies next month in Vienna. Turkey has asked to buy more Iraqi crude, Ghadhban added, speaking in Baghdad a day after Iraqi Prime Minister Adel Abdul Mahdi traveled to Tu
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