OPEC maintains output limit, extends chief's term
The Organization of the Petroleum Exporting Countries (OPEC) decided Wednesday in Vienna to keep its oil production limit of 30 million barrels per day, Saudi Arabia's Oil Minister Ali al-Naimi said, Trend news agency reported referring to dpa agency.
"Everything is left as it is," he told reporters after the
Vienna meeting.
He also said that the term of current OPEC Secretary General
Abdalla el-Badri would be extended for a year as the cartel's 12
members were unable to reach an agreement on choosing among the
candidates from Saudi Arabia, Iraq and Iran.
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