18:39 GMT +328 September 2016
Russia Arctic Oil Drilling

Russia to Retain Share on Global Oil Market If Production Frozen - Minister

© AP Photo/ Rosneft press service
Get short URL
Oil in Turmoil (92)

Energy Minister stated that Russia will retain its share on the global oil market if an agreement is reached on freezing production.

MOSCOW (Sputnik) Russia will retain its share on the global oil market if an agreement is reached on freezing production, Russian Energy Minister Alexander Novak said Saturday.

“Obviously because if the supply doesn’t increase on the market, the share of each exporting country will remain the same,” Novak said in a televised interview on the Vesti v Subbotu weekly news program.

Oil in Turmoil (92)
Iran Constructive on Oil Production Freeze, But Not Ready to Join
Stable Oil Price of $30 Stabilized Ruble Rate Over Last Weeks - Ministry
Agreement for Freezing Oil Extractions Voluntary - Russian Energy Ministry
Russia Not Linking its Loan to Iran to Tehran's View on Freezing Oil Output
Oil, production, Alexander Novak, Russia
Community standardsDiscussion
Comment via FacebookComment via Sputnik
  • Сomment
Top stories