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OPEC agrees on modest oil production curbs
The Organisation of Petroleum Exporting Countries (OPEC) reached an agreement to cut oil production for the first time since 2008 after an informal meeting in Algiers, Algeria. It was decided that OPEC would reduce output to a range of 32.5 ..
Month: Current Affairs - October, 2016
Oil Ministers of OPEC to meet in Vienna
Oil Ministers of the 12 oil exporting group OPEC will meet in Vienna It is expected that the group will maintain the ceiling of 30 million barrels oil production per day for the member nations International Energy Agency based in ..
Month: Current Affairs - June, 2012
Nepal gets $20 million as loan from OFID
The OPEC Fund for International Development Fund (OFID) will provide a loan help of $20 million to Nepal. The loan is aimed at assisting Nepal’s Rural Connectivity and Community Development Project It will be utilized to promote rural, economic and ..
Month: Current Affairs - June, 2012