6 OPEC countries ready for emergency meeting on reducing oil production

This entry passed through the Full-Text RSS service - if this is your content and you're reading it on someone else's site, please read the FAQ at http://ift.tt/jcXqJW.

Thursday 04 Feb 2016 - 13:15 Makkah mean time-25-4-1437 Venezuelan Oil Minister Eulogio Del Pino (Bloomberg file image) Tehran (IINA) – Venezuelan Oil Minister Eulogio Del Pino said representatives of six member-states of the Organization of the Petroleum Exporting Countries (OPEC) are ready to participate in an emergency meeting on coordinated reduction of oil production with non-OPEC members, TASS reported. During his visit to Iran on Thursday, Del Pino said such OPEC member-states as Iraq, Algeria, Nigeria, Ecuador, Iran and Venezuela as well as non-OPEC members Oman and Russia have given their consent. "The idea is not only to hold the meeting but to reach particular results," he was cited as saying by Iran's news agency Shana. The official is expected to discuss the prospects of convening an emergency meeting on oil during his visit to three of the Gulf Cooperation Council (GCC) states, including Qatar, Saudi Arabia and Oman. AB/IINA