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  • 30-06-19

    OPEC, non-OPEC to extend oil production reduction: Algeria

    (MENAFN) OPEC and non-OPEC members are expected to extend an oil production reduction agreement, announced Algeria's Minister of Energy Mohamed Arkab.

    Energy Minister Arkab, as reported APS news agency, revealed that "all ministers of OPEC and non-OPEC countries endorse the principle of renewing the expiring oil output cut deal signed in Algeria last year."

    According to the Algerian minister, "the respect of Algiers deal by both OPEC and non-OPEC members has been a success so far."

    Algeria, Arkab added, is currently in efforts to guarantee the resumption of prevailing balance in the oil markets.

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