The Iranian oil minister may meet the Russian energy minister on November 30 in Vienna during the OPEC talks, Tehran’s ambassador told Sputnik.
MOSCOW (Sputnik) — Iranian Oil Minister Bijan Zanganeh may hold talks with Russian Energy Minister Alexander Novak in Vienna on the sidelines of the upcoming Organization of the Petroleum Exporting Countries (OPEC) negotiations on November 30, Iran’s Ambassador to Moscow told Sputnik on Tuesday. “The ministers have recently met in Algeria. Perhaps, they will meet in Vienna, possibilities of consultations on some level are not ruled out. In general, contacts between the ministries of energy and oil of Russia and Iran are developing,” Mehdi Sanaei said.
On September 28, OPEC member states reached an agreement on the sidelines of an international energy forum in Algeria to set a production ceiling of 32.5-33 million barrels per day. OPEC also decided to establish a technical committee to identify the production volume of individual member countries.
The OPEC countries are set to finalize the agreement on oil output freeze at the Vienna summit. Other oil producing states, who are not members of OPEC, including Russia, are also expected to uphold the agreement, aimed at stabilizing the oil market.