The group may not allocate individual quotas to each of the 12 nations because there may be disagreement on how the total oil output should be distributed, the person said, declining to be identified because the matter hasn’t been decided.
Oil ministers arrived in Vienna this week for their meeting today, when they will decide output levels for the first half of 2012. OPEC’s last gathering in June broke up without consensus when six members including Iran and Venezuela opposed a push to pump more oil by Saudi Arabia and three other Gulf nations, which went ahead with an increase to make up for Libyan supplies lost during an armed rebellion to oust then leader Muammar Qaddafi. The group will begin discussions at 10 a.m. local time and a press conference is scheduled for 4 p.m.
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