OPEC agreed last week to slash output by around 1.2 million barrels per day beginning in January in an effort to reduce global oversupply and prop up oil prices. It hopes non-OPEC countries will contribute a further 600,000 bpd of cuts. Russia has said it will reduce output by around 300,000 bpd. 

"Yes, we will go ahead, but we will continue to work on the rest to come onboard," Nigerian Oil Minister Emmanuel Ibe Kachikwu said when asked whether OPEC was ready to go ahead with the production agreement even if only Russia committed to cut. 

                       "We did clearly say we would like to see non-OPEC participate, but we did not say we would not go ahead when they don't," Kachikwu told reporters on the sidelines of a Bloomberg Markets summit in Abu Dhabi. 

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