MOSCOW, 21 Nov — RIA Novosti/Prime. Libya’s representative to OPEC Mohammad OUN (Oun Mohamed) gave ended the first day of the two-day meeting of the expert group of the cartel gathered in Vienna to discuss the details of the Algiers agreement to limit the level of oil production, reports Reuters, citing the words of Owen.
“We are discussing. We do not contradict each other,” said OUN. He also answered “Yes” to the question of journalists, whether the first day of talks between the experts of the OPEC, writes Reuters.
Simultaneously, the Agency with reference to sources in the OPEC reports that the experts of the cartel has made “certain progress” during the first day of negotiations on the details of the Algiers agreement. Some of the unspecified interlocutors of Agency also expressed optimism about the prospects for a final agreement to limit production levels.
In late September, OPEC’s informal meeting in Algeria agreed on a restriction of output in the range of 32.5-33 million barrels of oil per day, but specific limits for each of the countries of the organization while there is no agreement. The final decision on the agreement should be made on the official OPEC meeting on November 30 in Vienna.
The balance of power on the world oil market