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Energy ministers of Russia, UAE to meet in St. Petersburg later on Friday

April 01, 10:15 UTC+3 MOSCOW
Another meeting of oil producers, which will be focused on stabilizing energy prices, is scheduled for April 17
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Russian Energy Minister Alexander Novak

Russian Energy Minister Alexander Novak

© Alexei Nikolsky/Russian Presidential Press and Information Office/TASS

MOSCOW, April 1. /TASS/. Russian Energy Minister Alexander Novak will meet his counterpart from the United Arab Emirates Suhail Al Mazrouei in St. Petersburg later on Friday, a source in the Russian ministry told TASS.

He refused to unveil details and the focus of the conversation.

Novak will also attend the ceremony of signing a number of documents on strategic cooperation development between Russian Gazprom and Austrian OMV in St. Petersburg, the source said.

In mid-February oil ministers of Saudi Arabia, Qatar, Venezuela and Russia’s energy minister Alexander Novak announced an intention to keep oil production at January levels in 2016 in a move to stabilize energy prices if other crude producers join the initiative.

Another meeting of oil producers, which will be focused on the issue, is scheduled for April 17.

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