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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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Brazil rejects offer to join OPEC

rocky
rocky
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Brazil rejects offer to join OPEC Empty Brazil rejects offer to join OPEC

Post by rocky Thu 09 Nov 2017, 4:04 am

[size=30]Brazil rejects offer to join OPEC[/size]
09/11/2017 12:46 | Number of readings: 20
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Brazil rejects offer to join OPEC Thumbnail.php?file=5a02dc9895a5970f428b4569_259575009
Trend Press / Agencies
 
Brazil, the producer and oil exporter, on Thursday rejected an offer by Saudi Arabia to join the OPEC deal to cut oil production to boost oil prices in the market.
"He received a phone call last week from a consultant to Saudi Energy Minister Khalid al-Faleh to get his opinion on possible production cuts," said Marcio Felix, a senior official at the Brazilian Ministry of Oil and Gas.
"They are concerned about the growth of production in Brazil, and we have already explained to them that Brazil can not do that," Felix said, explaining Saudis' interest in Brazilian cuts.
Under the law, Brazil, which produces 2.65 million barrels a day, can not curb production, and is planned to double its oil production to more than 5 million barrels a day by 2027.


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