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

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.