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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

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.

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

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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