29 October 2016, 12:41 GMT
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.
