News Archive (2017-9-14)

The countries which are not entering into OPEC implemented the plan for reducing production in August at the expense of Azerbaijan and Kazakhstan - IEA

The countries out of OPEC implemented the plan for reducing production in August for 118% at the expense of Kazakhstan and Azerbaijan. It is said in the September report of the International Energy Agency (IEA), TASS reports. So, Kazakhstan was ahead of schedule almost three times, having reduced production in August by 54 thousand barrels a...

The OPEC can encourage more countries to take part in the Vienna agreement

The OPEC can involve more countries which are not entering into the organization into participation in the agreement on reduction of oil extraction (OPEC+), RIA Novosti with reference to the Bloomberg agency reports. Also the agency reports that the Oil Minister of Kuwait expects discussion of possible prolongation of the Vienna transaction in the first quarter 2018. According...

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