Qatar Petroleum (QP)announced yesterday that Qatar’s oil production levels will be reduced effective January 1, 2017.
Saad Sherida Al Kaabi, Qatar Petroleum President and CEO, said: “This decision comes in line with the State of Qatar’s commitment to the recently agreed production levels by the members of the Organization of the Petroleum Exporting Countries (Opec) during its ministerial meeting held on November 30.”
“We have started advising our customers of the expected reductions in oil deliveries to ensure the State’s compliance with Opec’s allocations,” Al Kaabi added.
