Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home ยป OPEC committed to Algiers output deal – Sec-Gen

    OPEC committed to Algiers output deal – Sec-Gen

    November 7, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    Mohammed Sanusi Barkindo, Secretary General of Opec attends the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria  September  27, 2016. REUTERS/Ramzi Boudina - RTSPOA4
    *Mohammed Sanusi Barkindo, Secretary General of Opec attends the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algiers. REUTERS/Ramzi Boudina – RTSPOA4.

    07 November 2016, Vienna, Austria — The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) said on Monday the group was committed to a deal made in Algiers in September to cut output.

    “We as OPEC we remain committed to the Algiers accord that we… put together. All OPEC 14 we remain committed to the implementation,” Mohammed Barkindo said in remarks to reporters at the ADIPEC conference in Abu Dhabi.

    “We have no price objectives… inshallah (God willing) with the implementation of the Algiers accord and cooperation of the non-OPEC member countries, the rebalancing process will be brought forward in 2017.”

    OPEC officials met in Vienna last month to work out the details of the Algiers plan to reduce oil production but failed to reach an agreement. The High-Level Committee of experts will meet again in Vienna on Nov. 25 and then meet at expert level with non-OPEC countries on Nov. 28, he said. OPEC ministers will meet on Nov. 30.

    “Russia is on board. I will not disclose details,” Barkindo added, when asked whether he expected the non-member country to take part in a cut or a freeze of production.

    *Rania El Gamal, Maha El Dahan & Hadeel al Sayegh, William Maclean – Reuters

    Related News

    Russia plans to compensate for oil overproduction in August-September

    Russia’s fuel export revenue in June fell 14% from last year, IEA says

    US OKs exchange with Exxon Mobil to aid Gulf Coast supplies

    E-book
    Resilience Exhibition

    Latest News

    Russia’s Novatek says Q2 gas output up 2.8% y/y

    July 12, 2025

    LNG Canada’s start-up yet to lift gas prices amid supply glut

    July 12, 2025

    Russia plans to compensate for oil overproduction in August-September

    July 12, 2025

    Taiwan’s CPC Corp eyes US shale gas assets, sources say

    July 12, 2025

    China sets its first renewable standards for steel, cement and polysilicon

    July 12, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.