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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq and Algeria with the extension of the agreement to reduce oil production

    rocky
    rocky
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    Iraq and Algeria with the extension of the agreement to reduce oil production Empty Iraq and Algeria with the extension of the agreement to reduce oil production

    Post by rocky Thu 11 May 2017, 1:16 am

    Iraq and Algeria with the extension of the agreement to reduce oil production

    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 /

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