Currency converter
All news
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

US does not take part in oil freeze negotiation process — Russian minister

April 01, 2016, 16:51 UTC+3 ST. PETERSBURG

The issue of freezing oil production at January 2016 level will be discussed in Doha on April 17

1 pages in this article
© AP Photo/Martha Irvine

ST. PETERSBURG, April 1. /TASS/. The United States is not taking part in the oil production freeze negotiation process, Russian Energy Minister Alexander Novak said on Friday.

"None", the minister said responding to the question whether any contacts are maintained with the United States on oil production freeze.

Will Saudi Arabia only freeze oil output in concert with Iran?

Novak also said he had not received any information that Saudi Arabia is ready to freeze oil output only in concert with Iran.

Earlier on Friday Bloomberg reported with reference to the kingdom’s deputy crown prince Mohammed bin Salman that the country will only freeze its oil output if Iran and other major producers do so.

When asked whether he had discussed potential tying of the decision on oil output freeze with Iran’s stance with the Saudi officials Alexander Novak replied in the negative.

The issue of freezing oil production at January 2016 level will be discussed in Doha on April 17. The majority of oil producing nations confirmed their participation in the meeting earlier.

On February 16, the oil ministers of Saudi Arabia, Qatar, Venezuela, OPEC and Russian Energy Minister Alexander Novak met in Doha, Qatar, and discussed how to improve the situation with oil prices on the global market. The parties expressed readiness to maintain the average oil production level in 2016 at the level of January this year, if other oil-producing countries join this initiative. Iran said in its turn it will join the initiative only after reaching the production level of 4 mln barrels daily.

Show more
In other media
Partner News