Source Pravda.Ru

Russian Minister of Energy and Saudi Arabian Minister of Petroleum to Conduct Negotiations

Russian Minister of Energy Igor Yusufov and Saudi Arabian Minister of Petroleum Ali Ibrahim Naimi will conduct negotiations in Moscow this week on the problems of stabilisation of the world oil prices, RIA Novosti was told in the Ministry of Energy.

Before his three-day visit to Moscow, which starts on Thursday, March 13th, at the invitation of Igor Yusufov, Ali Ibrahim Naimi took part on Tuesday in the regular Vienna conference of the Ministers of Petroleum and Energy of the member countries of the Organisation of the Petroleum Exporting Countries (OPEC).

At that conference the ministers took a decision to keep the quotas for the production and export of oil at the previous level.