OPEC agreed on a new deal
OPEC agreed on a new deal, told the head of the Ministry of energy Alexander Novak in the broadcast channel " Russia 24 ".
OPEC agreed on a new deal, told the head of the Ministry of energy Alexander Novak in the broadcast channel " Russia 24 ".
according to his statement, the contract will be valid for two years - until may 1, 2022-th.
The first two months of the reduction of oil production will amount to Ten million barrels a day. In the 2nd half of the reduction required to reach eight million in 2021, or six million barrels.
in the transaction with the involvement of 23 countries. Ten of them are the OPEC countries: Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Kuwait, Nigeria, Saudi Arabia, United Arab Emirates.
The so-called countries of non-OPEC in the deal too Ten: Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, South Sudan
3 the countries belonging to the organization remains exempt from reductions in production due to political issues - Iran, Libya and Venezuela.
As told the head of the Ministry, OPEC will watch the market.
"if necessary, will be taken no further action, or more quick ways to recover the production countries in order to prevent, as well as among them, and a surplus of oil on the market because we have a duty to act in the interests of both producers and customers," said Novak.
According to the head of the Ministry of energy, OPEC members considered various options duration of the contract, but considered two years to be the most effective term. He drew attention that the members of the Commonwealth can extend and prematurely end the contract, depending on the timing of market recovery.
OPEC also hope that it is not included in the Alliance countries will be able to reduce the total production by five million barrels a day.
for its part, the Russian organizations are ready to decrease in production During the new contract, said Novak.
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