Gulf Oil and Gas accountACCOUNT

Algeria Energy Minister to Visit Iraq, Backs Supply Cut Extension

Source: Reuters 5/9/2017, Location: Africa

Algeria's Energy Minister Nouredine Bouterfa will travel to Baghdad on May 10-11 for talks on OPEC issues with his Iraqi counterpart, the ministry said in a statement on Tuesday, as oil producers consider extending a global supply cut.

Algeria is backing efforts to extend a OPEC-non OPEC deal on output cuts for nine months or more to help support global oil prices, an Algerian industry source said.

"Every dollar increase is in Algeria's interest so we will go in the direction of trying to push prices up," the source said.

The Organization of the Petroleum Exporting Countries, Russia and other producers agreed last year to curb production by 1.8 million barrels per day for six months from Jan. 1.

Oil News in Algeria >>

Congo >>  11/12/2019 - Anglo African Oil & Gas plc has entered into a rig option agreement (the Rig Agreement) with Societe de Forage Petroliers (SFP) for the provision of a...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.