Russia's Lukoil, after meeting Novak, says no recommendation on output quotas

[December 07, 2016] MOSCOW (Reuters) - Russia's Energy Ministry has not given any recommendations on output quotas to Russian oil producers, Vagit Alekperov, Lukoil Chief Executive, told reporters after a meeting with the energy minister on Wednesday.

Russian Energy Minister Alexander Novak attends an international conference dedicated to the 175th anniversary of Sberbank in Moscow, Russia November 10, 2016. REUTERS/Sergei Karpukhin
 

He was speaking after a meeting between oil producers and Energy Minister Alexander Novak. The meeting was called to discuss planned output cuts agreed as part of a deal with OPEC.

"There is no decision yet," said Alekperov, without providing details.

Russia's Novatek Chief Executive Leonid Mikhelson told reporters that the energy ministry would comment on the meeting's outcome later.

(Reporting by Denis Pinchuk; Writing by Polina Devitt and Katya Golubkova; Editing by Andrew Osborn)

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