08:33 GMT24 January 2021
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    The next technical meeting of the members of the Petroleum Exporting Countries (OPEC) and non-OPEC states on oil market stabilization will be held on November 25-26, Azerbaijani Energy Minister Natig Aliyev said.

    MOSCOW (Sputnik) — On October 28-29, a Meeting of the High-level Committee of the Algiers Accord of OPEC is taking place in Vienna.

    "I am very happy with the results, and we are preparing for the next meeting which will be held on [November] 25-26," Aliyev told journalists.

    On September 28, OPEC member states agreed on cutting its oil production to 32.5-33 million barrels per day for the whole cartel, however, no exact limits for each country have been placed. The OPEC countries are set to finalize the agreement on oil output freeze at the OPEC summit in Vienna on November 30.

    Related:

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    Oman Ready to Discuss Oil Production Freeze at OPEC, Non-OPEC Expert Meeting
    OPEC Confirmation of Oil Freezing Deal to Depend on Iraq, Iran
    Tags:
    OPEC, Natig Aliyev, Azerbaijan
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