Majority of members of Vienna oil output cut deal support 9-month extension, Energy Minister

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Majority of members of Vienna oil output cut deal support 9-month extension, Energy Minister

The majority of members of the deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC  support the possible extension of the agreement for nine months, Algerian Energy Minister Noureddine Boutarfa said Thursday, Sputnik reported.

“I think there is consensus among most countries to support Russia’s and Saudi Arabia’s proposal to extend the deal for nine months,” Boutarfa told reporters.

Algeria also supports the possible extension of the Vienna agreement the minister said.

“Algeria supports the idea to extend the agreement for nine months, until the end of March 2018,” Boutarfa said.

Moreover, several African countries have expressed their willingness to join the deal of OPEC and non-OPEC producers to reduce oil production, Algerian Energy Minister Noureddine Boutarfa said Thursday.

“At present, there are several African countries which have expressed their support of this agreement. We shall consider this issue in Vienna,” Boutarfa told reporters.

 

 

 

 

 

 

 

 

 

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