Russia is the largest non-Opec producer in the world.
Calls for an agreement between the two giant oil nations have escalated in recent days.
Abdullah al-Badri, Opec's secretary general said the cartel was ready to embrace rivals following the 72pc crash in prices since mid-2014.
“Tough times requires tough choices. It is crucial that all major producers sit down and come up with a solution,” he told an audience.
Any agreement would mark the first deal in more than a decade between Opec and its rival producers.
Mr Novak said the two sides – who make up 20pc of the world's oil supply – would discuss cuts of around 5pc from the world's markets, or 2m barrels a day.
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