ECONOMY


OPEC invites 14 other crude producers to Vienna meeting

Baku, December 5, AZERTAC

OPEC has invited 14 other crude producers, who together pump about a fifth of the world’s oil, to talks this week in Vienna aimed at securing wider cooperation with production cuts, according to Bloomberg.

Russia already committed to reduce its output by 300,000 barrels a day following the Organization of Petroleum Exporting Countries’ agreement last week to a production cut of 1.2 million, Secretary-General Mohammad Barkindo said on Monday at the PetroTech conference in New Delhi.

The invitees are Azerbaijan, Russia, Mexico, Oman, Kazakhstan, Bahrain, Colombia, Congo, Egypt, Trinidad and Tobago, Turkmenistan, Bolivia, Brunei and Uzbekistan.

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