Russia, Algeria vow to push ahead with oil production cuts

ALGIERS, Algeria (AP) — The prime ministers of Russia and Algeria want further global efforts to coordinate oil production cuts to push up prices.

During a visit to Algiers on Tuesday, Russian Prime Minister Dmitry Medvedev said the two countries reiterated their commitment to last year’s agreement among OPEC and other oil producers to curb output. He said they want to “pursue these efforts” and discuss future options with other oil-producing countries, notably better efforts to ensure signatories are complying.

Both the Russian and Algerian economy have struggled since oil prices fell in recent years.

Algerian Prime Minister Ahmed Ouyahia said “the vital interests of our two countries converge on the subject of hydrocarbons.”

Medvedev also oversaw the signing of a raft of economic agreements and discussed counterterrorism cooperation.


Your email address will not be published. Required fields are marked *


By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, send us an email.