Wednesday, January 27, 2016

Russia will discuss a possible reduction in OPEC oil production – RBC

Russia and the OPEC countries are planning to hold talks on possible decrease in oil production. Told reporters on Wednesday the head of “Transneft” Nikolay Tokarev after the meeting of heads of the oil companies and the Russian Ministry of Energy Alexander Novak.

Tokarev said that the initiative to discuss a possible decline in production volumes of oil, Saudi Arabia has acted. “Production at the bar for the past few years is worth it. I do not know how this year will be. But this is a topic to be discussed with partners, both OPEC and non-OPEC members. In the near future such negotiations scheduled. Saudi Arabia, at first, took the initiative to discuss the prospect of reducing the volumes “, – quoted him as saying,” Interfax ».

According to him, the meeting of the OPEC countries, which will be attended by Russia, could take place in February.

«During the meeting discussed the possibility of coordinated action with OPEC,” – said in turn the head of the journalists “Bashneft” Alexander Corsica. “The issue was discussed and the decision was made to continue the discussion. This is a complicated subject that requires study, “- he added.

The press service of the Energy Ministry in its statement following the meeting with the heads of the oil companies said that the main topics of discussion was the company’s plans to produce hydrocarbons. The meeting also discussed sectoral taxation, as well as issues of oil refining and fuel supply of the internal market.

«In addition, the meeting discussed the possibility of coordination with the OPEC countries due to unfavorable market conditions in the world oil market”, – he said in the message.

The head of “Transneft” also reported that at a meeting with Novak also discussed the topic of exports. “We have said that at the request of the companies we plan to decrease by about 6%. We agreed that we will adjust the schedule in the summer, because in May and June, the company will update their production plans, “- said Tokarev.

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