By Osama Jalal
KUWAIT, June 6 (KUNA) -- The decision made by OPEC and non-OPEC member nations to slash oil production will have positive ripple effects on all nations involved, Kuwaiti Minister of Oil Essam Al-Marzouq said on Tuesday.
Qatar is holding up its end of the bargain, with a reduced output of 30,000 barrels per day (bpd), Al-Marzouq, who doubles as Minister of Electricity and Water told KUNA.
"Qatar's level of commitment to the deal is around 93 to 102 percent," he added.
In a meeting last month, OPEC officials agreed to protract the accord, pushing the deadline to March of 2018.
In November, OPEC along with 10 non-OPEC members, including Russia, struck a deal to limit oil output by 1.8 million bpd in an effort to restore stability in the global oil market. (end) asj.nam