Shana – Iranian Minister of Petroleum Bijan Zangeneh will attend the December 10 meeting of the OPEC and non-OPEC oil producers in Vienna.

Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday to cut the groups crude oil production by 1.2mbd in their November 30 meeting in Vienna.
Besides it was proposed that non-OPEC supplies should agree to cut their output by 0.6mbd in order to tackle the oil price slump.

Two months ago in Algiers an agreement was outlined based on which the OPEC and non-members were obliged to cut their productions in order to stabilize the market.