OPEC Countries began the final stage of negotiation of the agreement to reduce oil production, writes Bloomberg with reference to the delegate informed about the progress of negotiations.
“member Countries of OPEC are doing the latest diplomatic effort to achieve agreement to reduce oil production. Qatar, Algeria and Venezuela are making efforts to reduce the gap between the largest producers of group”, — the newspaper notes.
On completion of the negotiation of the agreement is only for two weeks, because it must be ready by 30 November. On this day in Vienna will host a meeting of Ministers of member countries of OPEC, where it is expected a formal decision on production cuts, quotas and cut-off dates.
the delegate said that Saudi Arabia, Iran and Iraq still have not overcome differences over their Dole on the market.
Previously Minister of energy of Russia Alexander Novak said that the MAYOR will take part in the negotiations with the OPEC countries, which will be held in Vienna in late November.
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