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Russia not going to decrease oil export in keeping with OPEC recommendations - newspaper

September 18, 2014, 3:50 UTC+3 MOSCOW
Oil production plans for this year will remain as they are, press secretary of the Russian energy minister, Olga Golant, told the Izvestia
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MOSCOW, September 18. /ITAR-TASS/. Russia will not decrease its oil production and export as recommended by the OPEC, press secretary of the Russian energy minister, Olga Golant, told the Izvestia newspaper after Minister Alexander Novak’s talks with OPEC Secretary General Abdalla Salem El-Badri in Vienna.

El-Badri told about OPEC’s plans to pass a resolution on cutting daily oil production by 0.5 million barrels.

“Since we are not an OPEC member, Russia will not follow the organization’s plan to bring down oil production and export. Oil production plans for this year will remain as they are,” Golat said, adding that the West’s sanction were unlikely to impact oil production in Russia.

Earlier, the Russian energy ministry said that the West’s ban on supplies of technologies and high-tech equipment used in the production of tight oil would not affect production either.

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