Africa to join OPEC-led oil cut

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 Eulogio del Pino said.

Eulogio del Pino, speaking on a visit to Moscow, said the invited countries were in South America and Africa, including Egypt, Equatorial Guinea, Congo, Uganda, Chad and others, Reuters reported.

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