Preliminary results of French polls reveal defeat of two leading partiesWorld April 23, 22:49
Macron, Le Pen lead in first round of French election — TVWorld April 23, 21:33
Russian Foreign Ministry slams OSCE car incident in Donbass as 'provocation'Russian Politics & Diplomacy April 23, 19:41
Macron winning presidential polls among French living in US, Canada — TVWorld April 23, 19:12
French nationals in Moscow expect presidential polls to bring changes to their countryWorld April 23, 18:01
French presidential hopefuls cast ballots in first round of electionWorld April 23, 15:52
OSCE staff member dies in car blast in DonbassWorld April 23, 13:55
Presidential hopeful Emmanuel Macron gets in line to voteWorld April 23, 12:26
First candidates cast ballots in presidential election in FranceWorld April 23, 11:26
MOSCOW, December 24. /TASS/. Lifting of the ban on oil exports from the United States will not lead to an overload of the oil market, president of Lukoil oil major Vagit Alekperov said in an interview with the Russia 24 television channel.
"The United States is the largest importer of oil. Most of all, the removal of restrictions on oil exports will lead to redistribution of flows. Still, the US will export light oil, which is valued higher on the market, and buy heavier oil," - he said.
"Lifting restrictions from the US will not lead to extra volumes on the market,"- Alekperov said.
"Most likely the market will be balanced," - he concluded.
According to him, recently, OPEC has little effect on the regulation of prices.
Alekperov said he hopes that the situation will be reviewed at the forthcoming session of the cartel, which is expected to be held in February.
Alekperov said that the session was "most likely caused by that catastrophic decline in prices that (in his opinion) no one had predicted."
As for Iran, the contracts with that country may take shape in the end of next year, because the legal documents have not been submitted yet, he said.
Earlier it was reported that the US Congress approved the lifting of the ban on oil exports. In January, Texas energy company Enterprise Products Partners will carry out first exports of US oil in 40 years.