24.10.201606:45:00UTC+00Saudi Arabia looks to Russia to boost non-OPEC cooperation

Energy Minister Khalid al-Falih of Saudi Arabia on Sunday said he invited Russia's Energy Minister Alexander Novak to meet Gulf Arab energy ministers in Riyadh to strengthen non-OPEC members' cooperation in steadying the oil market.

Falih said Russia is one of the biggest oil producers in the world, and has abig influence in the oil market's stability. The Saudi Arabian energy minister said his Russian counterpart welcomed the invitation.

Novak had said on Friday he would take "some" proposals to the meeting in Riyadh.

The Organization of the Petroleum Exporting Countries last month in Algiers had agreed to cut oil output, aiming to reduce output to a range of 32.50-33.0 million barrels per day.

"The Algeria meeting last month was successful in pushing the path of cooperation between oil producing and consuming countries and included important talks between experts from OPEC countries and outside of OPEC about oil markets," Falih said.