BAKU/DUBAI: Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were "very close" to an agreement on oil production curbs, Azerbaijan 's state news agency Azertag reported. "Today with (Azeri) President Ilham Aliyev we talked about reaching agreements between OPEC and countries that are not members of the cartel. We are very close to reaching agreements and signing a relevant deal," Azertag quoted Maduro as saying in Baku, Azerbaijan's capital city. "I believe that the relevant agreement will be reached within a very short time and we will announce it. Another meeting on Nov. 30 is set to firm up details of the accord.Azertag also quoted Aliyev as saying Azerbaijan would not increase oil production and exports, reinforcing the statement he made last week.

Source: Economic Times October 22, 2016 18:56 UTC