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Oil & Gas

OPEC Secretary General: Egypt may join oil production limiting agreement

Posted: February 22, 2017 at 1:18 pm   /   by   /   comments (0)

opecEgypt may join the oil production limiting agreement, OPEC Secretary-General Mohammed Barkindo said at the press-conference on Tuesday. “We still expect more other producers will join [the agreement] in the possible time… Yes, we would like to see Egypt to be part [of the agreement],” Barkindo said.

Egypt is currently an observer state in the OPEC.

According to IEA, Egypt was producing 690,000 barrels per day on average in 2016.

(Source: TASS Russian News Agency)

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