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Russian energy minister expects OPEC, non member countries to sign agreement on oil output

December 10, 2016, 0:46 UTC+3

On December 10, talks will be held in Vienna between OPEC and independent oil producers on joining the agreement on cutting production

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Russian Energy Minister Alexander Novak

Russian Energy Minister Alexander Novak

© Mikhail Metzel/TASS

VIENNA, December 9. /TASS/. Russian Energy Minister Alexander Novak expects OPEC and non member countries to sign an agreement after the meeting on December 10 in Vienna.

"Of course. We came here to sign an agreement," Novak said responding to a question on whether OPEC and non member countries may sign an agreement after the meeting.

"I look forward to tomorrow's event with optimism, I think we will reach an agreement," he added.

On December 10, talks will be held in Vienna between OPEC and independent oil producers on joining the agreement on cutting production. Non-OPEC countries are expected to cut production by 600,000 barrels per day in total. Novak confirmed earlier that Russia is ready to cut production by 300,000 barrels, or half of the required total volume.

Media reported that 11 non-OPEC countries may participate in the meeting in Vienna, including Oman, Mexico, Bahrein, Sudan. Ministers of Azerbaijan and Kazakhstan earlier confirmed that they will attend the meeting.

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