Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia has Made up a Schedule for Reducing Oil Production by Months
18.12.2018 00:05
Russia has Made up a Schedule for Reducing Oil Production by Months
(Source: https://news.maanimo.com/business)

Russia has made up a schedule for reducing oil production by months within the frame of the OPEC + transaction, as TASS quotes the words of Energy Minister Aleksandr Novak.

      In January, it is planned to reduce production by 50-60 thousand barrels per day.

      According to Novak, the schedule of monthly production implies “a smooth, gradual decrease in production in accordance with the agreements”. “The Head of the Energy Ministry also reported that he would hold a meeting with oil companies in December: it is planned to discuss the implementation of the transaction at that meeting.

      The OPEC + transaction was concluded in Vienna last week. Russia agreed to reduce production by 228 thousand barrels per day to reach the level of October 2018. Back then oil production volume amounted to 11.4 million barrels per day. As Novak stated, the main task of the transaction was to achieve a reduction in reserves, “so that they do not rise above the five-year average level”.

      Read More Articles on Business in Russia


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: Russian oil Russian business    

Next Previous


You might also find interesting:

The HSE Business Incubator Has Become the Best University Accelerator in the World
11.11.2019
The Crunchbase Platfrom will Publish Information about the Russian Venture Capital Market
12.07.2019
Azbuka Vkusa Chain of Stores will Sale Artificial Meat Produced by the American Beyond Meet Company
28.11.2019
Quota Limits for Foreign Workers in Russia
31.10.2019
Yandex.Drive Became One of the Largest Car Sharing Services in the World
28.11.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Spaceships  travel to Russia  Russia-U.S.  Mariinsky theatre  Bashneft  Sergei Ursulyak  Zadonsk  Honey Festival  Russian events  gold  Heroism   Barnaul  Russian Football clubs  Tragedy  Exhibitions in Moscow  Moscow  Mercedes-Benz Fashion Week Russia  Flamenco  Chelyabinsk  Alexander Fersman  St. Petersburg  JCB  Rostov  Russian Internet  Far East  Rurik  Russian Film Directors  Renaissance Construction  Charity  Customs  anniversary  The Irkutsk Region  Domodedovo  Russian singers  APEC 2012  Yekaterina Savinova  Siberia  Russian business  Russian tourism  Nobel prize laureates  Moscow Houses  Altai Cuisine  Russian regions  Russian rouble  Festivals in Moscow  Russian Rock  Amur Region  Russian Cinema  education  Exhibitions in Ryazan 


Travel Blogs
Top Traveling Sites