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Malaysia to cut oil output by 15,000 barrels per day, says Azmin


Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said Malaysia’s commitment to reduce the oil output was in line with the 5th Opec and non-Opec Ministerial Meeting in Vienna.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said Malaysia’s commitment to reduce the oil output was in line with the 5th Opec and non-Opec Ministerial Meeting in Vienna.

KUALA LUMPUR: Malaysia will reduce its total oil output by 15,000 barrels per day (bpd) in line with the proposal by the oil-producing countries to support oil prices, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said on Sunday.

In a statement, he said this was revised from an earlier cut level of 20,000 bpd as part of a previously agreed arrangement that expires at the end of this year.

Oil & Gas

   

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