MOSCOW (Sputnik) — Moscow, however, is ready to discuss the issue if the Organization of the Petroleum Exporting Countries (OPEC) raises it, according to the minister.
"We have always been ready for negotiations. Therefore, if such a need arises, and countries, particularly OPEC, will be discussing this issue, we will be ready as well," Novak told reporters.
Russian energy minister also noted that he could meet his Saudi Arabian counterpart Khalid Falih in Algeria this fall.
"I think there will be such an opportunity. We are now going to work out all the details of this trip and Russia's participation," Novak told reporters.