OPEC does not expect countries outside the organization to refuse to cut production – Al-Manar TV – Lebanon


OPEC Secretary-General Mohamed Barkindo stressed that the organization does not expect countries outside the organization to refuse not to participate in reducing production due to the Corona virus.

“It is a very pessimistic opinion,” he added, in response to a question about the measures that OPEC will take in the event that a non-OPEC country refuses to participate in the production cut.

And adopted, “OPEC” countries, on Thursday, a recommendation to agree in the meeting of the “OPEC +” coalition tomorrow, Friday, to reduce additional production in the second quarter by 1.5 million barrels per day with a return in the second half to the current terms of the deal. OPEC itself is ready to cut production by one million barrels per day, and it proposes to the allies in the alliance, taking on the remaining 500 thousand barrels, including Russia. At the meeting of the “OPEC +” committee, on Wednesday, according to a source for “Sputnik”, Russia opposed Additional cuts in production, and the final decision on reducing production depends on Russia’s accession to it.

Source: Sputnik


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