Russia will find mechanisms and instruments needed to freeze oil production should the country reach an agreement with the Organization of the Petroleum Exporting Countries on limiting output, the Russian Energy Minister said on Friday.

Alexander Novak also told journalists on the sidelines of a business forum in the Black Sea resort of Sochi that Iran's energy ministry's delegation will visit Russia in October-November to present potential oil deals to Russian companies.

Novak also reiterated that he is against increasing tax burden on the oil sector.