Malaysia agrees to oil production adjustments until end 2018


  • Nation
  • Saturday, 02 Dec 2017

PETALING JAYA: Malaysia has agreed to extend the adjustments to its oil production levels until Dec 31, 2018, as this is needed to reduce oil inventories to a more "reasonable" level, says Datuk Seri Abdul Rahman Dahlan (pix).

"This is in accordance with the decision to further extend the 'Declaration of Cooperation' for another nine months agreed during the third Opec and Non-Opec Ministerial Meeting held in Vienna on Nov 30," said the Minister in the Prime Minister's Department.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Online gambling syndicate for foreigners busted in KL
Two men detained over fatal shooting in Nibong Tebal
MH370 search records 7,236 sq km with no significant findings so far
Judiciary sets up dedicated High Court for corruption cases
Thai police seeking Malaysia’s cooperation in hunt for suspected drug dealer
Boy dies choking on rambutan seed
Female cop and brother remanded over alleged RM30,000 bribery
IJM Corporation denies scrutiny from UK fraud office
Early voter turnout of 93% for Kinabatangan, Lamag by-elections, says EC
Defence Ministry announces four senior Armed Forces appointments

Others Also Read