2017 FIFA Confederations Cup in Russia is 'so far, so good' — Germany’s Emre CanSport June 23, 11:24
NHL says Olympic participation matter closedSport June 23, 11:12
Russia’s telecom watchdog may block Telegram messenger in RussiaBusiness & Economy June 23, 9:15
Russian warships fire Kalibr cruise missiles, destroy IS arms depots in SyriaMilitary & Defense June 23, 9:07
Kazakh foreign minister denies talks on sending troops to SyriaWorld June 23, 8:05
Russian fighters scrambled 14 times in past week to intercept foreign aircraft — ministryMilitary & Defense June 23, 6:17
EU summit participants show unity on anti-Russian sanctions — MerkelWorld June 23, 4:11
Moldovan parliament refuses to hold no confidence vote in Foreign Minister Andrei GalburWorld June 23, 2:03
Google.ru’s temporary ban should serve as reminder to others — lawmakerBusiness & Economy June 23, 1:59
MOSCOW, September 18. /TASS/. Russia is not considering an option of acting jointly with OPEC to slash oil production as a mechanism of price correction, First Deputy Minister of Energy Alexey Teksler said on Friday.
"We do not consider such an option, just as before," Teksler said.
Russia’s 2035 Energy Strategy provides for oil export growth by at least 40-50 mln tonnes. Furthermore, the Russian oil production process does not anticipate instant changes in oil production.
Russia cannot agree upon the oil production limits with the OPEC in view of specific process features of domestic oil production, CEO of the Russian oil major Lukoil Vagit Alekperov said. "We have challenging fields; the majority of them have low production rates… It is impossible to stop wells because starting will require much more funds than stopping… In certain cases it will simply be impossible to restart wells.