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OPEC chief optimistic of agreement with non-OPEC states on production cut
October 10, 2016 / 3:18 PM / a year ago

OPEC chief optimistic of agreement with non-OPEC states on production cut

People carrying umbrellas walk by the Ogranization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 4, 2016. REUTERS/Heinz-Peter Bader

ISTANBUL (Reuters) - OPEC Secretary-General Mohammed Barkindo said on Monday he expected to reach a common understanding with non-OPEC countries at a gathering in Istanbul on the implementation of last month’s Algiers agreement on cutting oil production.

Barkindo said “consultations” between OPEC members and non-member states would take place at 2 pm (1100 GMT) on Wednesday in Istanbul, where representatives from oil producing states are gathered for the World Energy Congress.

“All the atmosphere has changed positively (with non-OPEC),” Barkindo told reporters, saying that non-OPEC states were “all supportive” on reaching an agreement.

Reporting by Ron Bousso and Rania El Gamal; Writing by Nick Tattersall

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