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No specific date yet on Russia’s oil output consultations with OPEC countries — Kremlin

February 03, 2016, 13:56 UTC+3

The consultations may focus on oil production cut by 5% by all participating countries

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© AP Photo/Hasan Jamali

MOSCOW, February 3. /TASS/. No specific date has been set yet for Russia’s consultations with the member states of the Organization of the Petroleum Exporting Countries (OPEC) on oil output, Kremlin spokesman Dmitry Peskov said on Wednesday.

The Kremlin spokesman replied to a question about whether there is understanding when Russia would hold consultations with OPEC on this issue.

"No, there are no specific dates," Peskov said.

Russian Energy Minister Alexander Novak earlier confirmed Russia’s readiness to take part in consultations with OPEC member states and oil producing countries outside the world oil cartel, if such talks were held.

The Russian energy minister said such consultations could discuss oil output cuts by each of these oil producing countries by up to 5%

Iran proposes to hold consultations on oil market situation with Russia, Iraq, Venezuela

Tehran proposes to hold consultations on the situation on the energy market together with Russia, Iran, Iraq and Venezuela, Iran’s Supreme Leader Ayatollah Ali Khamenei’s top adviser on international affairs, Ali Akbar Velayati, said on Wednesday.

"Our proposals is that countries that produce oil - Iran, Russia, Venezuela and Iraq - hold more consultations on the situation on the energy market," Velayati told a roundtable at the Russian Strategic Research Institute.

Velayati, who also heads the Center for Strategic Research, is visiting Moscow on the invitation of Russian Strategic Research Institute’s director Leonid Reshetnikov.

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