Algiers reported that the Organization of Petroleum Exporting Countries (OPEC) Secretary-General Abdallah Badri April 26, said here so far to comply with OPEC output decision is good, but, in order to ensure the full realization of production target, OPEC still need to cut from the market 722,000 barrels of oil production.
Badri is in the Algerian capital Algiers, at a press conference, made these remarks.
Badri said: "OPEC members so far to comply with decisions of the recent production is a very good, but, in order to fully achieve the production goal, we also need to be reduced from the market lost 722,000 barrels of oil production."
Badri also said that lower oil prices to OPEC member countries have investment projects have had a great impact, in the OPEC member countries planned to invest 165 projects so far, 35 investment projects have been postponed to 2013 was implemented.
Source: www.in-en.com Apr. 30, 2009
