Russia to cut crude production by 10% within OPEC+ in 2020 / News / News agency Inforos
Rate it
Russia to cut crude production by 10% within OPEC+ in 2020

Russia to cut crude production by 10% within OPEC+ in 2020

Russia’s crude oil production will go down by around 10% in 2020 due to OPEC+ restrictions compared with 2019 when it reached the record 560.2 mln tonnes, Energy Minister Alexander Novak said at a meeting on energy development issues headed by President Vladimir Putin on Wednesday.

"Currently companies are preparing for cutting production. In May, the reduction will amount to roughly 19% compared with the level of February 2020. Considering the work of first four months and a gradual decrease in reduction volumes, output volumes are planned to be reduced by around 10% by the end of the year compared with last year," TASS quoted him as saying.

Add comment
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Загрузка...

Сообщите об орфографической ошибке

Сообщить
Выделенный текст слишком длинный.