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Iraq: "OPEC" is heading for the extension of the Vienna Agreement
News Agency pratha 10 05/11/2017
Confirmed Iraqi Oil Minister Abdul Karim Luaibi, the Organization of Petroleum Exporting Countries "OPEC" countries move towards the extension of the Vienna agreement on the reduction of oil production.
Allaibi said, on Wednesday told "Sputnik" Russian: "The oil-producing countries will discuss the subject of the extension at the Vienna meeting to be held on the 25th of this month .. but in principle Eogod agreement is geared towards the extension, because that will lead to the stability of oil prices and this is reflected in turn positively on the Iraqi budget. "
This was not the statements made by the Iraqi minister, is the first of its kind, as suggested by him, both Algerian Energy Minister Noureddine Botarevh, as well as his Saudi counterpart Khaled Al-Faleh, Energy Minister Alexander Novak, that the idea of extending the agreement until the end of the year 2017 discussed very incoming.
Reached "OPEC" countries on November 30 2016 Vienna, to the "historic" agreement to cut output by 1.2 million barrels per day from the October level. Eleven countries also agreed ten oil producers from outside "OPEC" on December 10 to join the agreement by reducing the size of 558 thousand barrels per day, that the share of Russia be alone 300 thousand barrels per day, and began to be implemented since the beginning of this year for a period of 6 months.
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News Agency pratha 10 05/11/2017
Confirmed Iraqi Oil Minister Abdul Karim Luaibi, the Organization of Petroleum Exporting Countries "OPEC" countries move towards the extension of the Vienna agreement on the reduction of oil production.
Allaibi said, on Wednesday told "Sputnik" Russian: "The oil-producing countries will discuss the subject of the extension at the Vienna meeting to be held on the 25th of this month .. but in principle Eogod agreement is geared towards the extension, because that will lead to the stability of oil prices and this is reflected in turn positively on the Iraqi budget. "
This was not the statements made by the Iraqi minister, is the first of its kind, as suggested by him, both Algerian Energy Minister Noureddine Botarevh, as well as his Saudi counterpart Khaled Al-Faleh, Energy Minister Alexander Novak, that the idea of extending the agreement until the end of the year 2017 discussed very incoming.
Reached "OPEC" countries on November 30 2016 Vienna, to the "historic" agreement to cut output by 1.2 million barrels per day from the October level. Eleven countries also agreed ten oil producers from outside "OPEC" on December 10 to join the agreement by reducing the size of 558 thousand barrels per day, that the share of Russia be alone 300 thousand barrels per day, and began to be implemented since the beginning of this year for a period of 6 months.
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