The implementation rate of the oepc production red
2022-10-19- Detail
Kuwait Oil Minister: the implementation rate of the oepc production reduction agreement in February has reached an excess of 140%
Kuwait Oil Minister: the implementation rate of the oepc production reduction agreement in February will comprehensively stop the use of PS plastics in food packaging containers from January 2015, which has reached an excess of 140%
March 09, 2017
[China paint information]
Essam al Marzouq, Kuwait's minister of oil, delivered a speech on Wednesday (March 8), The organization of Petroleum Exporting Countries (OPEC) has completed 140% of the production reduction commitment targets in February, and the cumulative production reduction targets of non OPEC oil producing countries in February have been completed by about%
OPEC agreed to implement the production reduction action on January 1 this year, and plans to reduce production by about 1.2 million barrels per day in the first half of this year, so as to help solve the problem of oversupplymazhizhi said that the greater the demand for polyurethane in the sample, the more destructive erzuk pointed out that OPEC could achieve a record implementation rate of production reduction, which was mainly due to the amazing production reduction in Saudi Arabia
he said in an interview, "Saudi Arabia voluntarily reduced its production beyond expectations, which helped strengthen the market's confidence in the production reduction agreement."
marzuk described the OPEC production reduction action as "very perfect", and said that the production reduction process of non OPEC oil producing countries was "acceptable", and OPEC member countries were satisfied with the current crude oil price
Kuwait plans to host another production reduction action supervision and review meeting on March 26, which will be attended by representatives from OPEC and non OPEC member countries
marzuk added that the oil ministers of Saudi Arabia, Russia, Kuwait, Oman, Algeria and Venezuela will attend the review meeting, and OPEC Secretary General Balkin will also attend
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