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World oil prices

Terms of draft agreement in Doha remain unchanged - source

Earlier, Azerbaijan's Energy Minister said that draft agreement of the oil producer countries suggested "freezing" the production at January level through to October, 2016

© EPA/NIC BOTHMA

DOHA, April 17. /TASS/. Draft agreement on freezing oil production has not been changed yet, negotiations between oil-producing countries continue, a source in one of the delegations told TASS on Sunday.

"The terms of the draft agreement still remain unchanged. The countries are now going to discuss it with Russia," the source said.

Earlier, Azerbaijan's Energy Minister Natiq Aliyev said in an exclusive interview with TASS that draft agreement of the oil producer countries suggested "freezing" the production at January level through to October, 2016. However, Saudi Arabia requested to make "last-minute changes" in the draft agreement before the talks started, Reuters reported with reference to sources.

On February 16, in Doha, Qatar, oil ministers of Saudi Arabia, Qatar, Venezuela, members of OPEC, and Russia’s Energy Minister Alexander Novak held talks on improvement of the situation with oil prices. The parties expressed readiness to maintain oil production on the level of January of 2016, if other oil producing countries join this initiative.

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