OREANDA-NEWS. November 22, 2016.  Opec's high-level technical meeting concluded for the day late Monday in Vienna, with any decision on how to share an output curb among members yet to be decided.

Opec is seeking to pin down details of how to implement the preliminary output limits agreed in Algiers in September, when members established they would seek to set cumulative production between 32.5mn and 33mn b/d.

Libyan governor Mohamed Oud said members had yet to decide on how to divide up any production curbs between countries, but said discussions were going well. Other delegates were keen on emphasising the progress of talks, while remaining tight-lipped on any of the details.

The consensus over the Algiers agreement has appeared to unravel in recent weeks as Iraq, in particular, has pushed for an exemption to an output cut, joining Iran, Nigeria and Libya. Iran argues for exemption from production restraint until it achieves output of 4mn b/d while Iraq wants exemption because it is in the throes of war.

Earlier in the day Oud expressed optimism that objections by Iran and Iraq to the preliminary proposals could be overcome, echoing similar statements made by other member states in recent days as they near the 30 November ministerial meeting. Iraq said earlier today that it would make suggestions on how to implement an agreement. Iraq declined to comment on what the suggestions were and delegates from other countries did not elaborate.

When asked if there were any disagreements at meetings today, the Oud said: "We are discussing, not disagreeing."

The technical committee will continue talks tomorrow.