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Russia's Novak says ready to work with OPEC on oil market stabilisation
October 11, 2016 / 2:17 PM / a year ago

Russia's Novak says ready to work with OPEC on oil market stabilisation

ISTANBUL (Reuters) - Russian Energy Minister Alexander Novak said on Tuesday that Moscow was ready to work with OPEC group in order to stabilise global oil markets.

A person carrying an umbrella walks by the Ogranization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria October 4, 2016. REUTERS/Heinz-Peter Bader

Speaking at the World Energy Congress in Istanbul, Novak also said that the recent OPEC and non-OPEC meetings showed that the oil producers were interested in the market stabilisation, while Russia was awaiting for a concrete OPEC decision on oil production control.

Reporting by Olesya Astakhova; writing by Vladimir Soldatkin; editing by Katya Golubkova

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