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Iraq and Algeria with the extension of the agreement to reduce oil production
economy Since 2017-05-10 at 20:27 (Baghdad time)
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Algeria announced that it supports Iraq's decision to extend the oil production agreement by the Organization of Petroleum Exporting Countries (OPEC) and producers outside the Organization of Petroleum Exporting Countries (OPEC), which will be discussed at the organization's upcoming meeting on May 25 in Vienna, the capital of Austria.
According to the source, Energy Minister Noureddine Boutarfa and Iraqi Oil Minister Jabbar al-Luaibi expressed their support for the extension of the agreement in Baghdad on Wednesday, expressing their support for cooperation between the OPEC member countries and the producer countries outside in 2018.
The meeting of Energy Minister Noureddine Bouterfa and Iraqi Oil Minister Jabbar al-Luaibi is a prelude to the next meeting of OPEC, where the member states of the Organization are expected to either extend the agreement for an additional 6 months or freeze the period of oil production reduction.
During the same meeting, the two ministers mentioned Algeria and Iraq's commitment to oil production cuts in compliance with the OPEC-Non-OPEC Agreement signed in November 2016 in Vienna.
Under this agreement, Algeria reduced its oil production by 50.000 barrels per day, while Iraq reduced its production by 210,000 barrels per day, beginning in January 2017. 29 /
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economy Since 2017-05-10 at 20:27 (Baghdad time)
Follow Mawazine News
Algeria announced that it supports Iraq's decision to extend the oil production agreement by the Organization of Petroleum Exporting Countries (OPEC) and producers outside the Organization of Petroleum Exporting Countries (OPEC), which will be discussed at the organization's upcoming meeting on May 25 in Vienna, the capital of Austria.
According to the source, Energy Minister Noureddine Boutarfa and Iraqi Oil Minister Jabbar al-Luaibi expressed their support for the extension of the agreement in Baghdad on Wednesday, expressing their support for cooperation between the OPEC member countries and the producer countries outside in 2018.
The meeting of Energy Minister Noureddine Bouterfa and Iraqi Oil Minister Jabbar al-Luaibi is a prelude to the next meeting of OPEC, where the member states of the Organization are expected to either extend the agreement for an additional 6 months or freeze the period of oil production reduction.
During the same meeting, the two ministers mentioned Algeria and Iraq's commitment to oil production cuts in compliance with the OPEC-Non-OPEC Agreement signed in November 2016 in Vienna.
Under this agreement, Algeria reduced its oil production by 50.000 barrels per day, while Iraq reduced its production by 210,000 barrels per day, beginning in January 2017. 29 /
[You must be registered and logged in to see this link.]
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