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Business / Energy

OPEC SecGen sees "historic" deal with non-OPEC on Saturday

Published: 10 Dec 2016 - 11:29 am | Last Updated: 02 Nov 2021 - 03:56 am
OPEC Secretary-General Mohammed Barkindo addresses a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger/Files

OPEC Secretary-General Mohammed Barkindo addresses a news conference in Vienna, Austria, October 24, 2016. REUTERS/Leonhard Foeger/Files

Reuters

VIENNA: OPEC Secretary-General Mohammed Barkindo said he saw a total of 12 non-OPEC countries signing a declaration with OPEC to help curtail oil output and prop up prices in the first such move since 2001.

"For non-OPEC expect cuts of 600,000 barrels per day or more... This is a very historic meeting... This will boost the global economy and will help some OECD countries to reach their inflation targets," he told reporters on Saturday ahead of the meeting.