Tag: Oil and gas

Russia is ready to join efforts with other countries to cut oil production about 10 million barrels a day, said Vladimir Putin. "Of course, all of this should occur in a partner," the President added

Vladimir Putin is set to constructive negotiations on oil. This was stated press Secretary of the President Dmitry Peskov, adding that there is no other alternative to stabilize the international energy market

In 2019 for geological exploration in Russia has been allocated 25.5 billion roubles, and in 2020 - 29.2 billion, the best growth stocks of the resource base, according to experts, it is necessary to increase state financing of geological exploration at least twice

The situation in the oil market can be associated with attempts of Saudi Arabia "to get rid of competitors that produce "shale oil". But such goals never set, said President Vladimir Putin. In his opinion, all parties are interested in joint concerted action

To restore stability in the industry need to make a decision on coordinated action to reduce oil production. This was stated by Minister of energy Alexander Novak, noting that April 6 will be held online-meeting OPEC Ministers+