• Register
opec

OPEC says ‘no problem’ with more oil from Iran, Iraq, Libya

: Thursday, April 10 - 2014 @ 10:50

Abdalla El-Badri, secretary-general of the Organization of Petroleum Exporting Countries has said the group will accommodate additional output from members Iraq, Iran and Libya, said, Bloomberg has reported. OPEC, which supplies 40% of the world’s oil, will wait until 2015 to discuss output targets with Iraq, which currently operates outside the production-quota system for each of the group’s other 11 member countries, El-Badri told reporters in Doha. “There is no problem for OPEC to absorb any production increment from Iraq and Iran in 2014,” El-Badri said. “When Libya output comes back, we will accommodate it because its production is in our numbers.”

Today's Top Stories

Posted by

Thursday, April 10- 2014 @ 10:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services





Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically



JobsVIEW ALL

Search for jobs

Latest Jobs