04:48 GMT +325 March 2018
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    Kuwaiti Minister of Finance and Minister of Oil Anas al-Saleh (C) arrives for the organization of Petroleum Exporting Countries (OPEC) meeting, in the Qatari capital Doha, on April 17, 2016

    Several Doha Meeting Participants Expressed New Demands During Talks

    © AFP 2018/ KARIM JAAFAR
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    A number of countries that participated in the Doha oil pruducers’ meeting changed their position considering the draft deal on freezing the oil output on Sunday, demanding that more countries agree to its terms, Russian Energy Minister Alexander Novak said.

    DOHA (Sputnik) – According to Novak, the draft deal was prepared by experts from Russia, Venezuela, Saudi Arabia and Qatar on Saturday. The drafty provided for freezing oil production at the level of January 2016 until October this year, as well as the formation of a group of high-level advisory board from four countries, including two from the Organization of Petroleum Exporting Countries (OPEC), and two from non-OPEC states, the minister said.

    "We had long discussions today, and this is due to the fact that a number of OPEC states, changed their position this morning just before the beginning of our meeting, and in fact suggested that the agreement involve all OPEC members, as well as major non-OPEC exporters, who were not present at the meeting," Novak told reporters.

    According to the minister, such conditions were put forward by a number of Gulf states, including Saudi Arabia, the United Arab Emirates, Kuwait and Qatar.

    All participants of the talks believe that freezing the oil output is necessary, but have different approaches to the conditions of the deal.

    According to Novak, the meeting was “a significant event.”


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