Countries outside of OPEC agreed to reduce oil production

Source : 112 Ukraine

Russia is also included to the list of these countries
18:50, 10 December 2016

112 Agency

Countries beyond the Organization of Exporting Countries OPEC agreed to cut production by more than 600 000 barrels per day. This is with reference to a delegate at the meeting reports Bloomberg.

Russia is also included to the list of these countries.

"Russia and other countries outside the OPEC pledged to limit oil production in the next year more than 600 thousand barrels per day at a meeting in Vienna on Saturday, joined forces with OPEC to put an end to a global oversupply." - Said in a message referring to delegate.

The agreement is the first such document between the two parties over the past 15 years and has been achieved through two weeks after OPEC agreed to cut its own production by 1.2 million barrels per day, the delegate added.

It is noted that at the talks in Vienna was attended by representatives of OPEC countries and countries outside the cartel.

"We were able to gather 25 countries, both within and outside of OPEC, with the idea to stabilize the oil market and to protect a fair price for our products", - quotes agency the words of the Venezuelan Minister of Energy Eulogio del Pino.

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