Speech on the revision of Russia’s obligations under the transaction OPEC+ is not, said Novak

© RIA Novosti / Alexander Galleryparty in fotomancer of energy of Russia Alexander Novak. Archival photoSpeech on the revision of Russia’s obligations under the transaction OPEC+ is not, said Novak© RIA Novosti / Alexander Galleryparty the image Bank

To talk about reducing the quota of Russia on reduction of oil production under the OPEC agreement is+ premature; the revision of the commitments made in December 2016, now is not discussed, said in an interview with RIA Novosti Russian energy Minister Alexander Novak.

«It is premature to say (about the reduction in the quotas for the reduction of oil production of Russia — ed.) Now we proceed from the quotas, which were defined by us in December 2016 and any revisions, it is now not» — said Novak.

OPEC and several non-organisation countries (OPEC+) agreed in late 2016 in Vienna on the reduction of its oil production to total 1.8 million barrels per day from the level of October 2016, of which 300 thousand are in Russia. In November last year, OPEC+ decided to extend the agreement before the end of 2018.Speech on the revision of Russia’s obligations under the transaction OPEC+ is not, said Novak© RIA Novosti, Integratiebeleid in fotomonster and objectives of OPEC

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