| 
				"Tomorrow's meeting is a very informal consultative meeting 
				between the countries that happened to be here," Falih told 
				Reuters at the World Energy Congress in Istanbul.
 "Unfortunately due to prior commitments I am leaving now so I 
				will not be in the meeting but I will be following it from afar 
				and I will be getting indications about what countries have 
				agreed to," he said.
 
 OPEC officials are embarking on a flurry of meetings to nail 
				down details of an agreement reached in Algiers last month on 
				modest oil output cuts, the first such deal since 2008.
 
 Falih said he had met with Russian Energy Minister Alexander 
				Novak in Istanbul, and described the energy conference in the 
				Turkish city as a "great step forward".
 
 "From the meetings I have had on the sidelines of this 
				conference today and yesterday ... it is quite clear that many 
				countries are not only supportive of the OPEC decision in 
				Algiers but are enthusiastically willing to join," he said.
 
 "We are not talking about support, we are talking about 
				contribution in the direction we are seeking which is basically 
				that we are going to attempt to speed up the balancing process 
				that is already underway."
 
 Falih said those efforts were not about the oil price itself, 
				but about sending a signal to the oil industry to start 
				investing again.
 
 (Writing by Nick Tattersall)
 
			[© 2016 Thomson Reuters. All rights 
				reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published, 
			broadcast, rewritten or redistributed. 
				 |  |