Venezuela says invited 10-12 more countries to join OPEC-led oil cut

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MOSCOW (Reuters) – An extra 10 to 12 oil-producing countries have been invited to join an OPEC-led output cut aimed at getting rid of a supply glut, Venezuela’s oil minister said on Wednesday.

Eulogio del Pino, speaking on a visit to Moscow, said the invited countries were in South America and Africa.

The OPEC-led supply cut at present covers 24 countries.

Reporting by Vladimir Soldatkin, writing by Alex Lawler, editing by Dale Hudson

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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