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[ltr][rtl]History[/rtl] of [rtl]edits:: 2016/10/28 19:38 • 97 visits readable[/rtl][/ltr]
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[Oan- follow-up]
OPEC officials began talks in the Austrian capital Vienna on Friday, it aims to develop the details of their agreement to cut oil supply, which acknowledge that it is becoming increasingly complex every day.
High-level meeting of the Committee of Governors of OPEC and representatives of countries who who report to the ministers concerned composed. Talks continue for more than seven hours after it began at ten in the morning local time [0800 GMT].
Sources said that the organization OPEC officials have yet to agree on the details of a plan to cut oil production in Iran is opposed to this reduction.
The Organization of the Petroleum Exporting Countries agreed last month in Algiers to cut crude oil production to range between 32.5 million and 33 million barrels per day in the first cut since 2008 in order to raise prices.
But the deal faces potential setbacks because of Iraq's claim exemption from it, as well as the demands of countries such as Iran, Libya and Nigeria who have damaged their production as a result of sanctions, war and want to increase the supply.
He said OPEC delegate before the start of the meeting on Friday: "It is becoming increasingly complex, every day show a new issue."
But other OPEC officials, including Secretary-General Mohammed Barkindo they have said they are optimistic about reaching a final agreement.
Barkindo said in a speech at the meeting according to the text presented by OPEC "Our consultations today - and tomorrow, with some producers are not members of OPEC - could have profound consequences for the market and the industry in the medium to long term."
The Committee does not decide on the policy and will instead following the recommendations of the ministerial OPEC meeting on 30 November, which will be held in Vienna, too.
The Committee is considering issues such as the size will produce an every member of the fourteen Organization.
Iraq said the second-largest producer in OPEC this week that he would not reduce its production and that it should be exempted from any restrictions on the production because he needs the money to fight al Daesh.
OPEC source said on Friday that Baghdad's position would face opposition probably by other members of the OPEC.
The source said on Thursday that Saudi Arabia and its allies in the Gulf, OPEC does not agree with the viewpoint of Iraq.
The meeting is scheduled to continue until Saturday, to be attended by representatives of the States that are not OPEC members want the organization should also contribute to curb supplies.
And non-members of OPEC, which will send representatives to the talks Saturday are Russia, Kazakhstan, Mexico, Oman, Azerbaijan, Brazil and Bolivia.
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OPEC meets in Vienna Gulf and opposition to the request of Iraq by exempting it from freezing
[/ltr][ltr][rtl]History[/rtl] of [rtl]edits:: 2016/10/28 19:38 • 97 visits readable[/rtl][/ltr]
[ltr]
[Oan- follow-up]
OPEC officials began talks in the Austrian capital Vienna on Friday, it aims to develop the details of their agreement to cut oil supply, which acknowledge that it is becoming increasingly complex every day.
High-level meeting of the Committee of Governors of OPEC and representatives of countries who who report to the ministers concerned composed. Talks continue for more than seven hours after it began at ten in the morning local time [0800 GMT].
Sources said that the organization OPEC officials have yet to agree on the details of a plan to cut oil production in Iran is opposed to this reduction.
The Organization of the Petroleum Exporting Countries agreed last month in Algiers to cut crude oil production to range between 32.5 million and 33 million barrels per day in the first cut since 2008 in order to raise prices.
But the deal faces potential setbacks because of Iraq's claim exemption from it, as well as the demands of countries such as Iran, Libya and Nigeria who have damaged their production as a result of sanctions, war and want to increase the supply.
He said OPEC delegate before the start of the meeting on Friday: "It is becoming increasingly complex, every day show a new issue."
But other OPEC officials, including Secretary-General Mohammed Barkindo they have said they are optimistic about reaching a final agreement.
Barkindo said in a speech at the meeting according to the text presented by OPEC "Our consultations today - and tomorrow, with some producers are not members of OPEC - could have profound consequences for the market and the industry in the medium to long term."
The Committee does not decide on the policy and will instead following the recommendations of the ministerial OPEC meeting on 30 November, which will be held in Vienna, too.
The Committee is considering issues such as the size will produce an every member of the fourteen Organization.
Iraq said the second-largest producer in OPEC this week that he would not reduce its production and that it should be exempted from any restrictions on the production because he needs the money to fight al Daesh.
OPEC source said on Friday that Baghdad's position would face opposition probably by other members of the OPEC.
The source said on Thursday that Saudi Arabia and its allies in the Gulf, OPEC does not agree with the viewpoint of Iraq.
The meeting is scheduled to continue until Saturday, to be attended by representatives of the States that are not OPEC members want the organization should also contribute to curb supplies.
And non-members of OPEC, which will send representatives to the talks Saturday are Russia, Kazakhstan, Mexico, Oman, Azerbaijan, Brazil and Bolivia.
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