Thursday, 19 October 2017 06:06 GMT
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OPEC Sec. Gen. to visit Kuwait for crude output talks

(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Jan 4 (KUNA) -- OPEC's Secretary General Mohammad Barkindo is scheduled to visit Kuwait on Sunday to discuss with Oil Minister Essam Al-Marzouq task mechanisms of the organization's committee charged with monitoring crude output.

Kuwaiti Ministry of Oil said in a statement, on Wednesday, that the visit by Barkindo, who would be accompanied by a delegation during his four-day stay in the country, signaled Kuwait's significant status as chairman of the production monitoring commission and the Gulf state's leading role in conventions of the Organization of Petroleum Exporting Countries.

Minister Al-Marzouq, who will meet the OPEC secretary general during the visit, doubles as Minister of Electricity and Water.

The Ministry's statement added that Barkindo's mission follows OPEC member states' agreement, on November 30th, to slash the overall crude oil output by 1.2 million barrels per day, effective January 1st.

The Kuwait-chaired watchdog commission includes as members Algeria and Venezuela from OPEC, non-OPEC members Russia and Oman. (end) osj.rk
OPEC Sec. Gen. to visit Kuwait for crude output talks