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Russia is ready to participate in new deal OPEC+. About it RIA Novosti said the official representative of the Ministry of energy.
Asked about the possibility of cutting production, the interlocutor stated that “Russia is ready to participate in its share of the total production.”
According to RBC, Russia expects that by the new agreement, OPEC+ join state, which together produce 70 million barrels per day.
In this case, Russia can reduce the development of 14 percent from the first quarter – about 1.6 million barrels per day.
OPEC+ Thursday, April 9, will resume talks on the oil market after a disastrous meeting in Vienna in early March.
To participate, invited 36 producing countries, including USA, Canada, Brazil, Mexico, and Norway.
the Crisis in the oil industry emerged because of the failure of the Treaty of OPEC countries+ in terms of reduction of volumes of oil production.
From this measure declined Russia and Kazakhstan. As a result, this has led to a sharp decline in prices.
the Cost of oil production exceeded its value
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