OPEC" will meet with producers of non-members to cut oil production
Page 1 of 1
OPEC" will meet with producers of non-members to cut oil production
Vienna-Iraq Press -3 December: Two sources familiar with OPEC said on Saturday that the organization will meet with the countries of non - members in order to finalize an agreement to reduce the world oil production on the tenth of December / December in Vienna.
The two sources in OPEC have said earlier that he is scheduled to hold a meeting in the Russian capital Moscow, but said later that the plan changed.
The OPEC agreed last week to cut production about 1.2 million barrels a day, starting from January next, in an attempt to reduce the surplus of the global supply of oil and the strengthening of prices.
The organization hopes that the non - Member States which contribute about 600 thousand barrels per day in this cut. For its part, Russia said it will cut about 300 thousand barrels per day.
And OPEC is the Organization of Petroleum Exporting Countries oil comprises twelve countries, member states of this organization and owns 40% of the global output and 70% of the world's oil reserves.
The organization was founded in Baghdad in 1960 by Iraq, Saudi Arabia, Iran, Kuwait and Venezuela, and then all of the United Arab Emirates, Algeria, Libya, Qatar, Ecuador, Nigeria and Angola joined, while its headquarters is located in Vina.anthy (1)
http://www.iraqpressagency.com/?p=224247&lang=ar
Similar topics
» For the first time in Iraq's South Oil achieve a historic increase in production and oil expert confirms: OPEC country's production identified
» Iraq holds the second place in OPEC, despite lower production this month
» OPEC agrees to cut oil production with the start of the new year
» OPEC meets next week to discuss increasing oil production
» A huge jump in the production of Iraq could ignite conflict within «OPEC»
» Iraq holds the second place in OPEC, despite lower production this month
» OPEC agrees to cut oil production with the start of the new year
» OPEC meets next week to discuss increasing oil production
» A huge jump in the production of Iraq could ignite conflict within «OPEC»
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum