Noureddine Bouterfa's Energy Minister of Algeria FA. This is one of the 14 member countries of the Organization of Petroleum Exporting Countries (OPEC) said that the OPEC countries are meeting representatives discussed unofficially on September 28 outside the International Conference on Energy, held in London. Algiers Algerian capital The goal is to discuss plans to reduce oil production capacity in OPEC. To cope with the slump in global oil prices.
News reports indicate that crude oil prices fell from a peak of US $ 100. A barrel by mid-year 2557 stood at 44.48 dollars a barrel on November 25. York. Ago. And oil prices continued to decline in the global market, making it the nation's dependence on oil exports were affected by the economy hard.
Mr. Abu Khalifa confirmed that although a meeting outside the Algiers meeting is unofficial. We must push for progress on measures to boost the price of oil. In the past, many countries proposed to reduce the amount of oil produced. But Saudi Arabia, a key member of OPEC, disagreed. But the oil price is now Saudi Arabia might reconsider such measures again.