ALGIERS (Sputnik) — The meeting will take place ahead of crucial OPEC talks in Vienna, Austria on Wednesday for talks on an oil output freeze. Experts from participating countries are also due to meet in Vienna for consultations on Monday.
The ministers will discuss outlooks for concluding a deal on oil production curbs that was reached in Algeria in late September. The OPEC agreed to set the oil output ceiling at 32.5-33 million barrels a day for its members in the hope that other oil producers would follow suit.
Earlier in November, Russian President Vladimir Putin said the country’s energy companies were ready to freeze oil output at the current level, adding they did not expect the curbs to hurt national economy.