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Russia Expects No Agreement on Oil Output Freeze at OPEC Talks in Algeria

Sputnik International

Russian Energy Minister Alexander Novak does not expect an agreement on oil output freezing at the upcoming informal meeting of the Organization of the... 02.09.2016, Sputnik International

2016-09-02T04:43+0000

2016-09-02T05:17+0000

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Russia Expects No Agreement on Oil Output Freeze at OPEC Talks in Algeria

04:43 GMT 02.09.2016 (Updated: 05:17 GMT 02.09.2016)

© AFP 2023 / ALEXANDER KLEIN / FILEThe press conference room of the OPEC (Organization of the Petroleum Exporting Countries) is seen at the organization's headquarter on the eve of the 164th OPEC meeting in Vienna, Austria on December 3, 2013

The press conference room of the OPEC (Organization of the Petroleum Exporting Countries) is seen at the organization's headquarter on the eve of the 164th OPEC meeting in Vienna, Austria on December 3, 2013 - Sputnik International

Russian Energy Minister Alexander Novak does not expect an agreement on oil output freezing at the upcoming informal meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Algeria.

RUSSKY ISLAND (Sputnik) – On September 26-28, representatives of 73 member states of the International Energy Forum (IEF) are set to meet in the Algerian capital to discuss oil-related issues. OPEC members are expected to hold informal consultations on the sidelines of the IEF summit.

A general view shows the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria - Sputnik International

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2 September 2016, 02:01 GMT

"Such issues are prepared for thoroughly and ahead of time," Novak told journalists on Friday when asked about oil output freeze, adding that at the upcoming informal OPEC meeting "we will be able to discuss the current situation, it’s only the first stage."

Earlier on Friday, Novak said that he plans to take part in the informal OPEC meeting.