Preliminary agreements on the issue were reached at a meeting in late September in Algeria
Russia will agree to reduce oil production if OPEC countries decide to do it, Iranian Oil Minister Bijan Zangeneh said on Wednesday.
“They have agreed to reduce their production after we make decision,” he said, answering a question from TASS on whether he sees a threat to the agreement between OPEC and Russia.
“Russia has send us a very positive signal to contributing,” he added.
In the framework of OPEC meeting, oil ministers of oil-producing countries might adopt agreement on limiting oil production. Preliminary agreements on the issue were reached at a meeting in late September in Algeria.