Manchester shopping mall evacuated following terror attackWorld May 23, 13:44
Lavrov warns Syria’s plight will drag on if efforts to divide it continueRussian Politics & Diplomacy May 23, 13:41
Forces behind Manchester attack seek to spread panic across globe, Russian think tank saysRussian Politics & Diplomacy May 23, 13:31
Russia's Black Sea Fleet holds drills in MediterraneanMilitary & Defense May 23, 13:27
Russia’s state arms seller to showcase drones with proven combat record in SyriaMilitary & Defense May 23, 13:18
Press review: Russia to cut Council of Europe 'dues' and Black Sea powers argue in TurkeyPress Review May 23, 13:00
Security stepped up for Europa League final in Stockholm after Manchester attackSport May 23, 12:34
Steven Seagal may star in TV show on getting free land in Russia's Far EastSociety & Culture May 23, 12:00
SPIEF 2017 participants can look forward to rich cultural and sports programmePress Releases May 23, 11:43
MOSCOW, August 8. /TASS/. Russia is ready to discuss the issue of freezing oil production, but the issue is currently not essential, Russian Energy Minister Alexander Novak told reporters on Monday.
"We have always taken the position that we are ready for negotiations. Therefore, if it is needed, and - let’s say the countries of OPEC will discuss the issue - we are also ready to join," he said.
According to the Minister, to date, there are no prerequisites for discussing freezing oil production volume, given that oil prices are "more or less at a fairly normal level" - between $40 and $50 per barrel .
"But if prices fall, of course it could be necessary. Closer to the winter period we need to monitor the situation with the prices. Now it is a summer peak for demand and consumption of oil. The seasonal nature of it should be taken into account," Novak said.
It was reported earlier that the new meeting of oil exporting nations to discuss freezing oil production might be held in Algeria on September 26.
At the same time, the Russian Ministry of Energy has not received an official invitation from the OPEC to participate in the oil producing nations meeting in Algeria, a representative of the Ministry told TASS on Friday.