September 17, 2016 / 8:52 AM / 3 years ago

OPEC chief expected in Algeria on Saturday for talks - government source

ALGIERS (Reuters) - OPEC Secretary General Mohammed Barkindo is scheduled to arrive in Algeria on Saturday for discussions before a scheduled meeting of OPEC members in Algiers later this month, an Algerian government source said on Friday.

OPEC members will meet during an energy conference Sept. 26-28 in Algiers and Algeria’s energy minister has said there is a consensus among OPEC and non-OPEC members about the need to stabilise the oil market to support prices.

“We are putting together last details to make sure the meeting will be fruitful,” the government source said in a reference to the Algiers conference.

Algeria’s Energy Minister Noureddine Bouterfa has travelled to Qatar, Iran and Russia to push for the oil price to be stabilised between $50 and $60, and has said he was “confident” about the outcome of the OPEC meeting to be held in Algiers.

After a recent meeting in Paris, Barkindo told Algeria’s state news agency APS that OPEC was not seeking a definite price range for oil but rather “sustainable stability” for the market.

Reporting by Lamine Chikhi; writing by Patrick Markey. Editing by Jane Merriman

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