Oman to support reduction in oil output by 1 million barrels

Oman to support reduction in oil output by 1 million barrels Baku. 12 November. REPORT.AZ/ Oman supports potential oil output decrease of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, the country's Oil Minister Mohammed Rumhi told Sputnik on Monday, Report informs referring to Bloomberg.
Energy
November 12, 2018 15:59
Oman to support reduction in oil output by 1 million barrels

Baku. 12 November. REPORT.AZ/ Oman supports potential oil output decrease of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, the country's Oil Minister Mohammed Rumhi told Sputnik on Monday, Report informs referring to Bloomberg.

According to him, non-OPEC countries are also sharing opinions on reduction in the production: "We need a consensus. It would be better if we had an agreement with everyone."

Kazakh deputy energy minister Magzum Mirzagaliyev said referring to Saudi Energy Minister Khalid Al-Falih that Ar Riyadh supports reduction in oil production to the August-September level.

According to him, there is no agreement on whether the production will be reduced or not: "The decision on this depends on the volume of reduction."

However, Kazakhstan intends to undertake the reduction in November-December. At the same time, Astana thinks that the production will increase in Kashagan field, remain stable in other fields. 


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