Novak reveals when Russia’s position on OPEC+ deal to be forged

Russia’s Energy Ministry is still holding consultations with local oil producers regarding the position on further implementation of the OPEC+ deal, the ministry's head Alexander Novak said.

"I think we will be able (to forge a position) by the (meeting of) JMMC (Joint Ministerial Monitoring Committee) on July 1," he said when asked about the consensus among Russian companies.

Novak noted that "decisions" made on the sidelines of the G20 summit are expected, adding that they would be critical for Russia’s position. 

He also confirmed the plan to hold the talks with his Saudi counterpart, Minister of Energy, Industry and Mineral Resources Khalid al-Falih, there. The Russian Energy Minister  emphasized that he hopes "a single, consolidated decision" will be reached at the meeting in Vienna.