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Venezuela oil minister urges review of global output pact

Published 08/09/2017, 11:35
Updated 08/09/2017, 11:40
© Reuters. Oil pumps are seen in Lake Maracaibo, in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela

ASTANA (Reuters) - Venezuelan oil minister Eulogio Del Pino urged OPEC and its partners on Friday to review the global output reduction pact in order to ensure a sustainable flow of investments into the sector.

© Reuters. Oil pumps are seen in Lake Maracaibo, in Lagunillas, Ciudad Ojeda, in the state of Zulia, Venezuela

Speaking at an energy conference in Kazakhstan, Del Pino said the revision needed to be done "very carefully" based on the outcomes of the global pact so far.

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