ALGERIAN MINISTER ATTENDS OPEC TECHNICAL COMMITTEE MEETING IN ISTANBUL
ALGIERS, — Algerian Minister of Energy Noureddine Boutarfa attended a meeting which brought together OPEC and non-OPEC oil producers in Istanbul, Turkey, Wednesday, on the sidelines of the 23rd World Energy Congress.
Following the meeting, Boutarfa “expressed satisfaction with the positive debates which allowed to strengthen mechanisms for consultation and co-operation between the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members,” according to a statement issued by the Enrgy Ministry here Thursday.
“Non-OPEC member countries were invited to join the meeting of the High Level Technical Committee set up by OPEC after the Algiers Agreement of Sept 28, 2016,” the statement said.
“The Technical Committee will meet on Oct 28 and 29 in Vienna (Austria). The non-OPEC countries will join the Committee on Oct 29 to co-ordinate their action and examine the best ways to balance and stabilize the (oil) markets.”
The setting up of the High Level Technical Committee was decided at the OPEC extraordinary meeting held on Sept 28 in Algiers where OPEC decided to reduce oil output at a level of between 32.5 and 33 million barrels per day (bpd).
While in Istanbul, Boutarfa also met Turkish Minister of Energy and Natural Resources Berat Albayrak and discussed with him co-operation aspects between Algeria and Turkey, in particular on energy.
The two ministers also agreed to hold a meeting of the Algerian-Turkish Joint Committee shortly.
Source: Nam News Network