Russia to opt OPEC deal
Russian Minister of Energy Alexander Novak announced that Russia is ready to opt into the Organization of the Petroleum Exporting Countries' (OPEC) deal to curtail output and reduce oil production by 300,000 barrels per day (bpd) in the first half of the year. Russia currently produces 11.2 million bpd. In his statement, "Russia is ready to be a party to the deal that aims to stabilize the global oil market. As a result of our productive consultations with OPEC and non-OPEC members, Russia is committed to join output reductions with 300,000 barrels per day," Novak said. The minister had previously underscored that Russia is willing to cut oil production should OPEC members and other countries reach a deal. He further said, "Our meetings with non-OPEC countries demonstrate that some of them are committed to cut oil output by 300,000 bpd. We decided to finalize these deals by signing a number of memorandum of understanding or protocols at the next meeting."
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.