MOSCOW (Sputnik) – Moscow may reduce its oil production by 14 percent and reach the level of 460 million metric tons per year by 2020, Russia’s Vedomosti newspaper reported Thursday, citing a presentation by Energy Minister Alexander Novak.
On Wednesday, Novak presented a stress scenario included in the Russian energy strategy up to 2035 at a governmental commission meeting.
The possible scenario considers a variant, according to which the oil price will be kept at $31-33 per barrel in 2016 and 2017, while by 2020 it will rise to $42 per barrel, the newspaper cited the document it obtained from the Russian Energy Ministry.
On Tuesday, Russia, Saudi Arabia, Qatar, and Venezuela held talks on the current oil market situation in the Qatari capital of Doha and agreed to proceed with the initiative if other countries followed suit. The proposal was later backed by Ecuador, Algeria, Nigeria and Oman.
Russian Deputy Energy Minister Kirill Molodtsov said Thursday the country might increase its oil output by 1.9 percent over the course of 2016, taking into account its agreement with three members of the Organization of the Petroleum Exporting Countries (OPEC).
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules.
Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts.
The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content.
In all language versions of the sputniknews.com websites any comments posted can be edited.
A user comment will be deleted if it:
does not correspond with the subject of the post;
promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities;
violates the rights of minors, causing them harm in any form, including moral damage;
contains ideas of extremist nature or calls for other illegal activities;
contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations;
contains insults or messages expressing disrespect to Sputnik;
violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence;
describes or references scenes of violence, cruelty to animals;
contains information about methods of suicide, incites to commit suicide;
pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information;
promotes products or services of third parties without proper authorization;
contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition;
contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes;
promotes the use of narcotic / psychotropic substances, provides information on their production and use;
contains links to viruses and malicious software;
is part of an organized action involving large volumes of comments with identical or similar content ("flash mob");
“floods” the discussion thread with a large number of incoherent or irrelevant messages;
violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling");
doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences.
The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.