LIMA (Reuters) - Russia is ready to freeze its oil output - among the world’s highest - at current level as there would be no problems for Moscow to do so, Russian President Vladimir Putin said on Sunday.
OPEC nations are due to agree a world oil freeze pact with non-OPEC countries on Nov. 30.
“We will do everything that our partners from OPEC are expecting. To freeze crude production is not an issue for us,” Putin told a news conference in Lima after the APEC summit.
He added that Russia’s oil firms are ready to do so.
Putin also said he has seen a “high probability” that the deal aiming to prop up the markets and boost prices would be reached in an OPEC meeting next week.
Writing by Denis Pinchuk; Editing by Sandra Maler