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Russia's November Oil Production Stands at 11.231Mln Barrels Daily

© REUTERS / Sergei KarpukhinA worker at an oil field owned by Bashneft, Bashkortostan, Russia
A worker at an oil field owned by Bashneft, Bashkortostan, Russia - Sputnik International
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Russian Deputy Minister of Energy stated that Russia’s average daily oil production in November stands at 11.231 million barrels, Moscow’s oil agreements will be formed based on this figure.

A worker checks the 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
Russia's LUKoil Says Oil to Cost $60 Next Year After OPEC Deal
MOSCOW (Sputnik) Russia’s average daily oil production in November stands at 11.231 million barrels, Moscow’s oil agreements will be formed based on this figure, Russian Deputy Minister of Energy Kirill Molodtsov said Friday.

"Russia has, as was said by [Energy Minister] Alexander Novak, has stopped at the frontier that we have reached, the peak. The average daily oil production for November stands at 11.231 million barrels. In this sense, all agreements will be formed around this figure that we have reached in November," Molodtsov said during a LUKoil conference.

The Russian Energy Ministry will formulate its final position on joining the Organization of the Petroleum Exporting Countries (OPEC) deal on cutting oil production ahead of the December 9 meeting, Russian Deputy Minister of Energy said.

OPEC's meeting with oil producing countries not making part of the cartel but supporting its decision is expected to take place in Doha December 9.

"The energy ministry and Russian companies are actively working on reached agreements. All in all, Russia's position has been voiced… dear colleagues, please let us by December 9 to peacefully finish working on questions and Russia's stance on joining OPEC's agreement," Molodtsov said during a LUKoil conference.

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