Novak to meet Saudi and Iran ministers before Vienna talks

Novak to meet Saudi and Iran ministers before Vienna talks

Russian Energy Minister Alexander Novak intends to hold separate bilateral meetings with the oil ministers of Saudi Arabia and Iran, Khalid Al-Falih and Bijan Namdar Zangeneh, ahead of a main meeting of oil producers in Vienna on Friday on output cuts, according to sources.

OPEC countries reached a preliminary agreement after talks in Vienna to reduce oil production but specific volumes to be cut are still to be agreed. According to TASS sources, oil production will be reduced from the October 2018 level.

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