Russia may cut oil production
This step is being questioned. About,
that the government is discussing the possibility of
reduction in oil production in the country.
This was reported today Minister of Energy
Minister Alexander Novak.
Novak also explained
the question still needs to be carefully
work out. And while no solutions
not accepted. Earlier, the Ministry of Energy has changed
forecast of world oil prices, according to
that the average price of this raw material will
in the region of $ 80-90 per barrel. Predolzhenie on
raw material market will remain excessive.
On Wednesday, Novak said,
that the planned meeting with the major
oil producer – Venezuela
to discuss possible mechanisms
how to contain the negative price
However, the most important
obstacle to production cuts
Russian oil is great
the budget’s dependence on oil revenues.
"Since we very much dependent
budget, firstly, from the receipt of funds
from the oil industry, from sales to
export. We do not have technologies such as,
for example, in Saudi Arabia to
it was possible to reduce production volumes or
quickly build up their"- Novak said.
IMF reform cost Russia $ 8 billion The International Monetary Fund on Thursday announced the completion of started 6 years ago, the vote distribution…
Proven oil reserves in Russia will last until 2044 At the present rate of proven reserves of oil enough to Russia in 2044, he said in an interview to…
fossil fuel era end is near According to the new BNEF analysis, coal and gas will rapidly fall down in less than 10 years. The process of producing…
- Oil falls again
- Viktor Zubkov again headed Gazprom’s board of
- Siluanov Inflation in January will be double digit