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Kuwait says OPEC to discuss 6-, 9-month output cut extensions

Ersin Çelik
10:54 - 23/05/2017 Salı
Update: 11:26 - 23/05/2017 Salı
REUTERS
File photo
File photo

Kuwait's oil minister said on Tuesday that global oil producers would discuss at their meeting this week whether to extend output cuts for six months or nine months, because not all were on board for nine.

"We have agreed on the six months. Some of the countries have agreed to six months subject to a revision in November for an additional three months," Essam al-Marzouq told reporters before heading to Vienna for the meeting.

"From what I have heard, some of the press releases, the Iraqi and Iranian ministers have declared that they prefer six months," he said, before adding: "For nine months not everybody (is) on board."

Asked whether there was consideration of the idea of deepening the current cuts, Marzouq said there was not.

Additional countries signal willingness for oil output cuts

Saudi Arabia's oil minister has spoken to countries including Norway, Turkmenistan and Egypt which have signalled a willingness to join oil output cuts, Kuwait's oil minister said on Tuesday.

"He has talked to several countries including Norway, including Turkmenistan, including Egypt, and they have made signs of their willingness to join the collaboration," Kuwait's oil minister Essam al-Marzouq said, referring to his Saudi counterpart Khalid al-Falih.

#Kuwait
#OPEC
#oil
7 yıl önce