Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani discussed over phone on Monday efforts of world main oil producers to cap output ahead of a upcoming OPEC meeting this week, the Kremlin said.
Iranian President Hassan Rouhani (R) and his Russian counterpart Vladimir Putin hold a press conference after their meeting following the third summit of the Gas Exporting Countries Forum (GECF) in Tehran, Iran, on Nov. 23, 2015. [Photo/Xinhua]
Both sides noted fundamental importance of the Organization of Petroleum Exporting Countries (OPEC) taking measures to restrict oil production as a key factor in stabilizing the global market, the Kremlin said in a statement.
OPEC reached a preliminary agreement to curb oil production in September and will meet in Vienna, Austria on Nov. 30 to formalize the deal. However, disagreements have reportedly persisted among producers on details of the plan.
Energy Minister Alexander Novak said Saturday that OPEC countries should first reach a consensus within the organization before non-OPEC producers join the agreement.
According to the minister, Moscow is in talks about a crude oil output freeze with other non-OPEC countries, in particular with Kazakhstan, Uzbekistan and Mexico.