Date: 6 days ago   Category: Energy

Russia is ready to reduce production by 200 thousand barrels a day within the transaction of OPEC — Rambler News Service


Photo: Alexey Vitvitsky / RIA Novosti Russia is ready to reduce oil production approximately by 200 thousand barrels a day within the agreement with OPEC if the organization offers reduction more than on 1 million barrels a day. The Reuters agency with reference to a source in the industry reports about it. According to the source, the main obstacle for the transaction of OPEC is not Russia, but Iran. On December 6 the Bloomberg agency with reference to one of delegates of the countries of OPEC reported that the OPEC is ready to reduce oil production by 0.9-1 million barrels a day within the agreement with the countries which are not entering into cartel on reduction of level of oil production (the transaction of OPEC). On December 5-7 in Vienna there take place negotiations of the countries of OPEC and the states which are not entering into cartel participating in the agreement on reduction of level of production of oil. On December 5 the minister of oil of Oman Mohammed bin Hamad al-Rumkhi reported that the ministerial monitoring committee of OPEC will recommend to reduce oil production. At the same time it did not specify about what volume of reduction it there is a speech. According to al-Rumkhi, as basic level within reduction of production the level of September or October, 2018 can be chosen. At the same time it is about reduction of production for six months, since January, 2019.

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