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Venezuela Oil Minister to Discuss Oil Stabilization With Russian Counterpart

© Sputnik / Vladimir Astapkovich / Go to the mediabankEulogio del Pino
Eulogio del Pino - Sputnik International
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Venezuelan Oil and Mining Affairs Minister Eulogio del Pino discussed an agreement to stabilize the oil market with his Russian counterpart.

European Commissioner for Energy Union Maros Sefcovic - Sputnik International
Novak, Sefcovic to Discuss Russia-EU Energy Cooperation in Moscow on Nov. 25
VIENNA (Sputnik) — Venezuelan Oil and Mining Affairs Minister Eulogio del Pino said Wednesday he discussed an anticipated agreement to stabilize the oil market with Russian Energy Minister Alexander Novak.

"[We discussed] the agreement," del Pino told RIA Novosti on his arrival for the Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna when asked about a topic of discussion with Novak in Moscow on Tuesday.

OPEC member states reached a preliminary agreement in September, setting the oil output ceiling at 32.5-33 million barrels a day. A number of non-OPEC members, including Russia, have expressed willingness to join the deal.

The final decision on the deal will be made on Wednesday in Vienna.

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