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Oil Producers Could Agree on Output Freeze in Algiers

© AP Photo / Anis BelghoulSkikda oil refinery, 350 kilometers east of Algiers, Algeria (File)
Skikda oil refinery, 350 kilometers east of Algiers, Algeria (File) - Sputnik International
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There is a chance that oil producers could agree to freeze oil production to stabilize prices at their meeting next week, Russian Deputy Prime Minister Arkady Dvorkovich said Friday.

November 23, 2015. Russian President Vladimir Putin, third right, foreground, attends the summit of the heads of state and government of the Gas Exporting Countries Forum in Tehran. - Sputnik International
Russia
Russian Energy Minister Says Hopes for Constructive OPEC Dialogue in Algeria
MOSCOW (Sputnik) — The Organization of the Petroleum Exporting Countries (OPEC) member states are expected to renew talks on a possible oil output freeze with non-member states at the September 26-28 International Energy Forum (IEF) in Algiers, Algeria.

"It is difficult to predict if it would be possible to reach such an agreement, every country has its own interests. Nevertheless, there is a chance, we will see how the situation develops," Dvorkovich said in an interview with the Rossiya-24 broadcaster.

He said Energy Minister Alexander Novak would represent Russia in Algiers looking to reach an agreement.

Major oil-producing states failed to reach an output-freezing agreement in Doha, Qatar last spring after Saudi Arabia backed out, citing Iran's absence at the talks.

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