MOSCOW, November 26. /TASS/. The oil market situation, the OPEC+ agreement and compensation for oil overproduction were discussed in a trilateral meeting between Iraqi Energy Minister Ziyad Ali Fadhil, Saudi Energy Minister Prince Abdulaziz bin Salman Al Saud, and Russian Deputy Prime Minister Alexander Novak. in Baghdad, the Russian government said.

Meeting participants highlighted the importance of maintaining the stability and balance of global oil markets and noted the important role played by the OPEC+ group in this regard.

“They also highlighted the importance of cooperation among OPEC+ countries and their full commitment to the agreement and voluntary production reduction agreed by the eight participating countries, as well as compensation for any overproduced volume,” the government said.