Registration was successful!
Please follow the link from the email sent to

Russia Honors Commitment to Reduction of Oil Output Under OPEC Deal - Minister

© 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
Subscribe
Russia is respecting its commitments on reduction of oil output in line with OPEC agreements cutting production in the first 10 days of January by the amount exceeding previously set by Russian largest oil producers, Energy Minister Alexander Novak said Thursday.

A worker at an oil field owned by Bashneft, Bashkortostan, Russia - Sputnik International
Russia Starts Oil Production Cuts as Part of Vienna Agreement
MOSCOW (Sputnik) — Russia began limiting oil production on January 1 as part of agreements with OPEC reached last year, which stipulate Moscow's commitment to cut the oil output by 300,000 barrels a day for at least six months.

"Russia is fulfilling its obligations. I can say, in general, that we reduced [the oil output] in the first 10 days [of January] by a larger amount than had been planned by our oil companies," Novak told reporters.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала