As said on Sunday by Minister of energy Alexander Novak: “We do not discuss the issue of reducing oil production by artificial means. This is a new question that is not discussed yet.”
about the agreements about the freezing of oil production – more precisely, their absence, he said it “we are in principle not critical”. However he added: “We believe that it would be possible to speed up the process of balancing the market. It is beneficial to all”, – quotes the Novak Agency “Interfax”.
Thus, the joint statement of Russia and Saudi Arabia to stabilize the oil market, signed on the sidelines of the summit of “Big twenty” on 5 September, remains a Declaration can have only a “moral” impact on the market. But, as recalled by the Agency, and the head of the energy Ministry reported earlier that the question about the possibility of reducing (or freezing) of oil production must be agreed with the member countries of OPEC. This can happen planned in Algeria in late September, an informal meeting of the cartel.
it Becomes clear that about any reductions, rounded now called “the decline of oil production by artificial means” earlier almost out of the question. Nothing specific, the parties had not decided to restrict production at current levels, especially as this level, as for OPEC, not recorded in any documents.
Saudi Arabia and the Russian Federation, probably, is part of the process of influence on Iran, which goes through different channels. Recently, it was reported that in Europe held an informal meeting with representatives of this country, the Saudi Kingdom and Qatar.
But according to previous statements, including the Russian side, the impression was that some levels of restrictions still said – in the course of the multi-level contacts with the Saudis. If so, it is still important steps, apparently, do not have to wait, soon all of this “food” for effective verbal intervention.
no One now wants to lose its market share. Adaptation, albeit with a loss for the economies and social spheres of oil-producing countries, mainly occurred (which is true can not say about Venezuela, and in Russia not all families feel “adapted”). Perhaps, are produced by the mechanism of multilateral agreements between Saudi Arabia and Iran in a new capacity (without penalties), with whom she has even suspended diplomatic relations, and Russia. In case. for example, the scenario “oil below $ 30″, which for a short time was in the beginning of this year.
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