Sputnik- Iran's petroleum minister said he was optimistic about OPEC's chances to reach an oil output agreement.

MOSCOW (Sputnik)�� The Organization of�the Petroleum Exporting Countries (OPEC) is likely to�reach a sustainable agreement regarding its oil output, Iranian Petroleum Minister Bijan Zangeneh said on�Saturday.

"Everyone has accepted the Algiers decisions and the current discussions are focused on�how the decisions will be implemented� I am optimistic that the OPEC members will reach an agreement," Zangeneh told reporters following�a meeting with�Algeria Energy Minister Noureddine Boutarfa, as�cited by�Shana news.

Zangeneh said that the Algerian official presented to�him a proposed package which allocates quotas to�every OPEC member to�assist in�reducing the group's output. He added that, "the course of�events and talks indicates that OPEC can reach a sustainable deal regarding its output and market management."

The Iranian minister noted that the participation of�Iran, Libya and Nigeria in�the OPEC output reduction plan had been discussed, but�did not confirm whether they would be exempt.

In September, the OPEC group of�the world�s major oil producers reached a preliminary agreement in�Algeria to�set the oil output ceiling at�32.5-33 million barrels a day for�the cartel. The OPEC countries have yet to�finalize the deal at�the November 30 meeting in�Vienna with�non-OPEC states, including Russia, open to�capping the output.