Venezuelan oil minister to visit Russia to mull oil freeze deal

MEXICO, Nov 24 (PRIME) -- Venezuelan Oil Minister Eulogio del Pino is going to visit Moscow to complete work on an agreement to reduce oil production, the country’s President Nicolas Maduro said Thursday.

“I’m ordering Eulogio del Pino to visit Russia to finish an agreement (on reduction of oil production) with OPEC and non-OPEC states,” Maduro said at a meeting with employees of the oil sector.

OPEC agreed to limit daily oil output at 32.5–33.0 million barrels at an informal meeting in Algeria in September. The ceilings for each country will be defined at the meeting on November 30 in Vienna. President Vladimir Putin said earlier that Russia is ready to join OPEC in a freeze of oil production if an agreement is reached.

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