December 13, 2016 / 12:38 PM / a year ago

Russian minister says to discuss output cuts with Russian oil cos on Weds

TEHRAN (Reuters) - Russian Energy Minister Alexander Novak said he would discuss with Russian oil companies on Wednesday how they will cut oil production to implement a pact between OPEC and non-OPEC oil-producing nations.

Russia's Energy Minister Alexander Novak addresses a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016. REUTERS/Heinz-Peter Bader

“Each company will determine where it cuts output, on old or new oil fields,” he told journalists after talks with his Iranian counterpart in Tehran.

Reporting by Oksana Kobzeva; Writing by Denis Pinchuk; Editing by Alexander Winning

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