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WORLD NEWS Wednesday 3 July 2019

Non-OPEC members back cartel's extension of production cuts

By KIYOKO METZLER proval of the extension.
DAVID RISING "In the current unstable
VIENNA (AP) — OPEC market and the huge un-
members won the support certainty we are seeing,
Tuesday of other major oil our coordinated action
producing nations to ex- aimed at consecutive and
tend a production cut for stable supply to the market
another nine months in a and ensuring its stability are
bid to shore up prices at a key to give us longer visibil-
time of waning demand. ity," Novak said.
Member nations of the Or- Heading into the meeting,
ganization of the Petroleum OPEC heavyweight Saudi
Exporting Countries on Arabia said the nine-month
Monday agreed to the ex- extension was the right
tension. With strong back- move to make given the
ing from Russia, the biggest current market conditions.
member of the non-OPEC "I see demand picking up
group meeting Tuesday, Russian Minister of Energy Alexander Novak, Venezuela's Manuel Salvador Quevedo Fernandez strongly in the second half
the others unanimously ap- People's Minister of Petroleum, Mohammad Sanusi Barkindo OPEC Secretary General of Nigeria of the year and I see com-
and Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, at meeting
proved the proposal. of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, pliance greatly improv-
"In order to help maintain Austria, Tuesday July 2, 2019. ing," Saudi Arabia's Energy
the current stable status Associated Press Minister Khalid Al-Falih told
of the market and avoid reporters. "And I see the
buildup of inventories, we Novak told the forum after enna also included Mexi- in the discussions and won't length of this agreement
have decided to keep the the vote. co, Bahrain, Oman and Ka- be bound by any agree- as nine months sufficiently
level and the magnitude The 10 non-OPEC nations zakhstan. The United States, ment. long to bring inventories
of the cuts intact," Russian present at the meeting at one of the world's major oil Opening the Tuesday down and to balance the
Energy Minister Alexander OPEC's headquarters in Vi- producers, is not involved meeting, Novak urged ap- market."q

Internet restored in Ethiopia 10 days after assassinations

ADDIS ABABA, Ethiopia Prime Minister Abiy Ahmed Associated Press on Tues-
(AP) — Ethiopia has begun said the killings in Amhara day. "All internet packages
restoring internet access were a coup attempt. The that users bought but were
Tuesday, 10 days after it internet was shut following not able to use during the
was cut following the assas- the killings. internet cut will be reim-
sinations of six top govern- The internet shutdown af- bursed."
ment officials. fected the entire country Ethio Telecom, the coun-
On June 22, attackers shot but in recent days a few lo- try's state-owned monop-
and killed the Amhara gov- cations were able to func- oly of telecommunications
ernor and two other offi- tion. services, also cut internet
cials. On the same night in "Internet has been restored access two weeks ago dur-
Addis Ababa, the country's in Addis Ababa today and ing national school exams.
army chief and his close it will be restored in other lo- NetBlocks, an internet mon-
friend, a retired army gen- cations across the country itoring group, estimated
eral, were assassinated as well, step by step," Cher- Ethiopia was losing a mini- Meskel Square stands empty in central Addis Ababa, Ethiopia,
inside his residence by his er Aklilu, secretary director mum of $4.5 million a day Sunday, June 23, 2019.
bodyguard. of Ethio Telecom, told the during the internet cut.q Associated Press