Date: 5 days ago   Category: Energy

Russia reduced oil production more than by 30 thousand barrels a day within the transaction with OPEC — Rambler News Service


Photo: Ruaridh Stewart Russia reduced oil production more than on 30 thousand barrels a day (as of January 11, 2019) within the agreement with OPEC on reduction of level of oil production, the Minister of Energy of the Russian Federation Alexander Novak told journalists. "More than on 30 thousand barrels a day" — he told, answering an appropriate question. On December 5-7, 2018 in Vienna there took 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. Following the results of negotiations of the countries of OPEC reached the agreement on reduction of level of production of oil on 1.2 million barrels a day to the level of October, 2018. At the same time the countries of OPEC will reduce oil production within the transaction by 800 thousand barrels the day which is not entering into cartel of the country — in total on 400 thousand barrels a day. Russia will reduce oil production by 228 thousand barrels a day.

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