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Russia not discussing production coordination with oil producing states in practical way

However, exchange of opinions with various countries and particularly with oil producing ones in terms of the situation on oil markets is indeed taking pace on a going basis, Kremlin spokesman says

MOSCOW, January 27. /TASS/. Russia is exchanging opinions on the oil market with oil producing nations but does not discuss coordination of production in a practical way, press secretary to the Russian President Dmitry Peskov said on Wednesday.

"Exchange of opinions with various countries and particularly with oil producing ones in terms of the situation on oil markets is indeed taking pace on a going basis. At the same time, we cannot speak so far about the coordination of actions [in oil production and export — TASS] in a practical way," Peskov said commenting on Iraqi oil minister’s statement that Russia and Saudi Arabia became more flexible in oil production and export coordination.

Russia is discussing the situation on the oil market not merely with Saudi Arabia "but with all partners, especially with oil producing nations," he added.

The press secretary made no comment on the technical possibility for Russian authorities to impose export quotas or furnish recommendations on the production level inside the country. "I am not ready to speak about that because nothing practical is actually in place so far," he added.