Novak: Russia and Saudi Arabia to discuss oil output freeze for three or six months

Novak: Russia and Saudi Arabia to discuss oil output freeze for three or six months Earlier, Russia and Saudi Arabia signed a statement on oil market stabilization
Energy
September 5, 2016 17:36
Novak: Russia and Saudi Arabia to discuss oil output freeze for three or six months

Baku. 5 September. REPORT.AZ/ Russia and Saudi Arabia discussing "freezing" of oil output for a period of three or six months.

Report informs citing the TASS, Russian Energy Minister Alexander Novak said.

Notably, earlier Russia and Saudi Arabia agreed on joint actions with other oil producers in order to maintain stability in the oil market and sustainable level of investment in the long term.

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