Russia has not yet decided to extend the transaction OPEC +

Russia remains the only member of the OPEC + alliance, undecided in the issue of extending the transaction to reduce oil production. It is reported by Reutres, referring to an interview with the Saudi Minister of Energy and Natural Resources to the TASS agency.

Saudi Minister for Energy and Natural Resources Khalid Al-Falih, in Moscow at the negotiations, said that Russia had serious disagreements over whether the contract should be extended at a political meeting in Vienna in the coming weeks.

“I think that the last country to jump into the outgoing train is Russia”, Falih said in an interview with TASS.  “There is a clear dispute in the country about exactly what volumes [of crude oil] should be produced by Russia in the second half of the year”.

Earlier, the President Vladimir Putin said that the Russian Federation and the Organization of Exporting Countries differ on the assessment of the fair price of oil.  Nevertheless, they will take a joint decision at the ministerial summit of residents and non-residents of OPEC.


Tags: contracts, oil, hydrocarbon production, drilling, foreign affairs

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