Novak holds meeting with Russian key oil-producers

Russian Energy Minister Alexander Novak was meeting Russian oil company executives in Moscow today ahead of talks in Vienna at the end of November between OPEC and non-OPEC oil producers. 

“Speaking about the company’s concerns, first of all it was about how to prepare for suspending measures to restrict production,” Rosneft spokesman Mikhail Leontyev said.

“This is a serious question. Sooner or later, of course, these measures will be lifted. Now or later, that’s a separate question. It’s a serious challenge, for which one needs to prepare," Reuters cited Leontyev as saying.

Gazprom Neft head Alexander Dyukov and Lukoil First Vice President Ravil Maganov said they had agreed to continue talks with the ministry next week.