06:52 GMT +304 December 2016
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    A worker at an oil field owned by Bashneft, Bashkortostan, Russia

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

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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.

    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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    OPEC Deal to Cut Oil Production Benefitial for US-Russia Partnership
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    Oil, production, Kirill Molodtsov, Russia
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