He said the proposed production cut by crude suppliers will surely benefit the prices and affect the international market.
He also said that the convergence of OPEC and non-OPEC suppliers will raise the price of crude oil in the market.
The OPEC accord will be in force as of January 1, 2017. It will be in effect for six months and based on it all the non-OPEC states, excluding Libya and Nigeria, will cut their production by 4.5 percent. Iran will be allowed to add 90,000 barrels per day to its production on the average in six months.
Kazakhstan, Guinea, Azerbaijan, Russia, Sudan, Malaysia, Oman, Sudan, Bolivia, Mexico, Bahrain and South Sudan are the countries present in the meeting with the 13 OPEC members.Russian Energy Minister Alexander Novak had earlier voiced agreement on Russia's cutting output by 300,000 barrels per day.
Saudi Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, has announced that is optimistic with the meeting of the OPEC-non-OPEC states, that will be held in Vienna on December 10.
The joint meeting of the OPEC and non-OPEC states will be held in the OPEC Secretariat.