Following the Organization of Petroleum Exporting Countries' recent proposal to cut oil production, Oman has reiterated its willingness to join OPEC and non-OPEC producers for a consensus on lowering output to stabilise the market. Earlier in the year, the sultanate had offered to cut its production by five to ten per cent on the condition that every other producer agrees to do the same. “Our position has always been 'cut production to improve prices',” said H E Salim al Aufi, Undersecretary of the Ministry of Oil and Gas. (Muscat Daily)
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