ALGIERS (Sputnik) — Minister Suhail Mohamed Faraj Mazroui spoke with RIA Novosti as representatives of 73 International Energy Forum (IEF) members converged for the September 26-28 conference on oil-related issues.
Russia should join the initiative on oil output freeze, the minister told Sputnik.
The informal meeting of 12 OPEC member states and possibly non-OPEC oil producers including Russia is expected to take place on September 28 on the sidelines of the IEF, where plans to reverse the drop in global oil prices amid ongoing overproduction would be sketched out.
In April, major oil-producing states failed to reach an output-freezing agreement in Doha, Qatar. Saudi Arabia, which had previously said that it would freeze output only if Iran followed suit, cited Tehran’s absence from the talks as reason for not supporting an output freeze.
