Russia and OPEC to discuss decline in oil production

Russia and OPEC to discuss decline in oil production

The Saudi authorities have offered to hold a meeting of the Petroleum Exporting Countries to discuss the situation in the energy market. The head of 'Transneft' Nikolay Tokarev stated at the meeting that OPEC and Russia will discuss a possible reduction in oil production. It is reported that the meeting could take place in February.

Tokarev also spoke about the meeting of representatives of oil and gas companies of the Russian Federation, which was held in the Ministry of Energy.

"The meeting, in particular, discussed the price of oil and the measures we should take collectively today to change the situation for the better, including the talks as a part of OPEC in general, and bilateral options. Because the main initiative here is shown, of course, by the Saudi partners. They are the main negotiators. It means that, first of all, it should be discussed with them," RIA Novosti quoted Tokarev as saying.

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