• Daily News
  • Weekly News
  • Oil and Gas Events
  • Key Economic Indicators
  • Other Services
Country List
  • Algeria
  • Bahrain
  • Egypt
  • Iran
  • Iraq
  • Kuwait
  • Libya
  • Oman
  • Qatar
  • Saudi Arabia
  • UAE
  • Yemen
  • General News
PAM
  • Project Activity Monitoring
  • Company Activity Monitoring

For Free Headlines Submit Your Email

Login  

Saturday, February 16, 2019 22:8 GMT

  • Home
  • About Us
  • Archive
  • Contact Us

News

Algeria Decreases Crude Output


Algeria has cut its crude oil production by 25,000 barrels per day (bpd) as part of an agreement with the Organization of the Petroleum Exporting Countries (OPEC). Put into effect from 1 January, Algeria’s decision comes as part of an agreement reached by OPEC and non-OPEC countries to reduce production, Algeria’s official APS news agency reported, citing an oil official.

The exploration director of Sonatrach – an Algerian government-owned oil company – Salah Mekmouche told reporters yesterday that prior to the agreement, Algeria produced 1.08 million bpd. OPEC took the decision to reduce global oil output in 2019, explaining that the outlook for global economic growth this year is slightly lower than 2018, which could potentially have ramifications for global oil demand. Other countries have also agreed to the OPEC deal, including Iraq which said it would reduce production by 3%.


published:17/01/2019 05:19 GMT

Related News

  • Sonatrach CEO: Algeria Still Has Large Production Capacity  16/01/2019 10:05 GMT

© 2019 BEDigest. All Rights Reserved.

to read more about this project please go to