ALGIERS (Sputnik) – He also said that he doesn't expect that the oil output freeze will have a significant impact on the energy market.
"[Nigeria’s current oil production is] 1.7 million barrels. Right now we need help not cuts," the minister told reporters.
The informal meeting of 12 OPEC member states and possibly non-OPEC oil producers including Russia is expected to take place on September 28 on the sidelines of the IEF, where plans to reverse the drop in global oil prices amid ongoing overproduction would be sketched out.
In April, major oil-producing states failed to reach an output-freezing agreement in Doha, Qatar. Saudi Arabia, which had previously said that it would freeze output only if Iran followed suit, cited Tehran’s absence at the talks as reason for not supporting an output freeze.
