MOSCOW, February 16. /TASS/. Energy Minister of the United Arab Emirates Suhail Mohamed al-Mazrouei said the country is ready to cooeprate with all oil producers in a move to stabilize the market.

"UAE oil policy is open to cooperate with all producers toward mutual interest of the market stability and we are optimistic on the future," the minister wrote on his Twitter account on Wednesday.

As was reported earlier, Russia, Saudi Arabia, Qatar and Venezuela have agreed on freezing oil output at January levels for 2016 in case other oil producers - both OPEC member-states and non-OPEC states - join the initiative.