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OPEC, Non-OPEC States Ready to Sign Agreement on Oil Output Freeze - Maduro

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The countries that do not belong to Organization of the Petroleum Exporting Countries (OPEC) are ready to join the agreement on freezing the oil production... 22.10.2016, Sputnik International

2016-10-22T14:14+0000

2022-11-15T14:15+0000

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OPEC, Non-OPEC States Ready to Sign Agreement on Oil Output Freeze - Maduro

14:14 GMT 22.10.2016 (Updated: 14:15 GMT 15.11.2022)

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The countries that do not belong to Organization of the Petroleum Exporting Countries (OPEC) are ready to join the agreement on freezing the oil production, Venezuelan President Nicolas Maduro said Saturday, following a meeting with President of Azerbaijan Ilham Aliyev.

Sunset over the oil rig - Sputnik International

Non-OPEC States to Cut Output, Join Cartel's Efforts to Stabilize Oil Prices

19 October 2016, 12:47 GMT

MOSCOW (Sputnik) — OPEC countries reached a preliminary agreement on the output freeze in September, with the final decision to be taken at the OPEC summit in Vienna on November 30.

"The president of Azerbaijan and I have discussed the agreement of the countries that do not belong to OPEC. We are very close to signing this agreement. It will be done to form a real oil price," Maduro said, as quoted by Aliyev's press office.