Home / Oil & Energy / Oil & Companies News / Algeria’s oil output to reach 1.57mln bpd in Sept, says energy minister

Algeria’s oil output to reach 1.57mln bpd in Sept, says energy minister

Algerian oil production in September will rise to 1.57 million barrells per day (bpd), Algerian Energy Minister Mohamed Arkab told state television on Wednesday after a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to raise their output goal by 100,000 bpd.

The group, collectively known as OPEC+, had been increasing production by about 430,000-650,000 bpd a month but has struggled to hit full targets because most members have already exhausted their output potential.
Source: Reuters (Reporting by Mahmoud Mourad, Writing by Nadine Awadalla Editing by David Goodman)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping