OPEC And Russian Officials Plan Informal Talks In Istanbul


DUBAI, Oct 6 (Reuters) - Energy ministers from Saudi Arabia, Iran and Iraq will be among representatives of key OPEC producers meeting Russian officials for informal talks on oil output in Istanbul next week, OPEC sources and the Russian energy minister said on Thursday.

The Organization of the Petroleum Exporting Countries last week agreed a deal to limit crude production and is looking to secure the cooperation of non-OPEC members such as Russia to help to support oil prices.

Russian Energy Minister Alexander Novak said on Thursday that he planned to meet OPEC Secretary General Mohammed Barkindo in Istanbul, RIA news agency reported, adding that the minister said he planned to discuss OPEC's output deal with ministers of other oil-producing countries.

Other energy ministers who will be present in the Turkish city as it hosts the World Energy Congress include those of the United Arab Emirates, Algeria, Venezuela and Qatar, which holds the OPEC presidency.

No decision is expected to be taken in Istanbul, the sources said, but the meeting will be a chance for the officials to discuss the next step after last week's Algiers meeting.

The agreement reached in Algiers is expected to be implemented this year and OPEC ministers will meet next in Vienna on Nov. 30 to set the group's supply policy.

(Additional reporting by Alexander Winning in Moscow; Editing by David Goodman)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Associate Category Manager or Category Manager Job
Expertise: Logistics Management|Purchasing|Supply Chain Management
Location: Denver, CO
Contracts Advisor
Expertise: Budget / Cost Control|Contracts Engineer|Supply Chain Management
Location: San Ramon, CA
Accounting Manager
Expertise: Accounting
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours