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Russia Not to Lose Its Market Share Over Oil Production Freeze

© REUTERS / Sergei KarpukhinA worker checks a valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016
A worker checks a valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016 - Sputnik International
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Russia will not lose its share on the oil market, Russian Deputy Prime Minister Arkady Dvorkovich said Friday.

An oil tanker is seen off the port of Bandar Abbas, southern Iran (File) - Sputnik International
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MOSCOW (Sputnik) — Russia will not lose its share on the oil market if an agreement on freezing production is reached, Russian Deputy Prime Minister Arkady Dvorkovich said Friday.

"No, it will not," Dvorkovich told RIA Novosti, answering a question on whether such a deal could affect Russia's market share.

He added that Russian companies are ready to freeze production at January levels. "Companies are not against it, because they initially had such plans."

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