Russian Energy Minister Alexander Novak will meet his counterpart from the United Arab Emirates Suhail Al Mazrouei in St. Petersburg later on Friday, a source in the Russian ministry told TASS.
He refused to unveil details and the focus of the conversation.
Novak will also attend the ceremony of signing a number of documents on strategic cooperation development between Russian Gazprom and Austrian OMV in St. Petersburg, the source said.
In mid-February oil ministers of Saudi Arabia, Qatar, Venezuela and Russia’s energy minister Alexander Novak announced an intention to keep oil production at January levels in 2016 in a move to stabilize energy prices if other crude producers join the initiative.
Another meeting of oil producers, which will be focused on the issue, is scheduled for April 17.