July 2, 2020, 14:54


Russia Unable to Quickly Reduce Oil Output Under OPEC-non-OPEC Deal – Minister

Russia Unable to Quickly Reduce Oil Output Under OPEC-non-OPEC Deal – Minister

BELGRADE (Sputnik) – Russia cannot swiftly reduce the level of oil production under the recent OPEC-non-OPEC agreement, but will attempt to do so as quickly as possible, Russian Energy Minister Alexander Novak told reporters on Thursday.

“First, when we discussed this issue in December at the signing of agreements, we frankly said that the achievement of these indicators would take some time. And we talked about it publicly. We have special conditions. We have a winter period, we have low temperatures, we have special climatic and geological conditions of production. Therefore, in principle, it’s impossible to quickly reduce production,” Novak, who accompanies President Vladimir Putin on a visit to Serbia, said.

READ MORE: Qatari Energy Minister Says Many OPEC Members Regret Doha Exiting Organization

“Naturally, we will try to make reductions as fast as possible… Russia is committed to these agreements,” the minister added.

In late 2016, OPEC and non-OPEC states made a deal to cut oil production in a bid to stabilize oil prices. Since then, the agreement has repeatedly been prolonged with the final extension reaching the end of 2018.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today07/02/2020
20℃

Fri
07/03/2020
overcast clouds

  • overcast clouds
  • HI/LO: 28/19
  • Clouds: 97%
  • Wind: 4.87 m/s
  • Wind Direction: SW
  • Pressure: 1013hPa
  • Humidity: 47%

Sat
07/04/2020
light rain

  • light rain
  • HI/LO: 27/20
  • Clouds: 100%
  • Wind: 5.1 m/s
  • Wind Direction: SW
  • Pressure: 1011hPa
  • Humidity: 49%

Sun
07/05/2020
sky is clear

  • sky is clear
  • HI/LO: 28/19
  • Clouds: 1%
  • Wind: 2.79 m/s
  • Wind Direction: WNW
  • Pressure: 1014hPa
  • Humidity: 37%

Mon
07/06/2020
sky is clear

  • sky is clear
  • HI/LO: 29/20
  • Clouds: 0%
  • Wind: 4.8 m/s
  • Wind Direction: SW
  • Pressure: 1012hPa
  • Humidity: 42%

Tue
07/07/2020
moderate rain

  • moderate rain
  • HI/LO: 30/21
  • Clouds: 0%
  • Wind: 4.48 m/s
  • Wind Direction: S
  • Pressure: 1013hPa
  • Humidity: 49%

Wed
07/08/2020
broken clouds

  • broken clouds
  • HI/LO: 31/23
  • Clouds: 61%
  • Wind: 5.7 m/s
  • Wind Direction: SSE
  • Pressure: 1008hPa
  • Humidity: 43%

Сторонняя реклама



Статьи
Статьи В
Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
Яндекс.Метрика