Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
MOSCOW, December 2. /TASS/. Russian President Vladimir Putin played an active role in the decision-making process on cutting oil output, Lukoil Vice-President Leonid Fedun told the Rossiya 24 TV channel on Friday.
"The challenging talks had been underway probably since early 2016. First, I want to express huge gratitude to our President Vladimir Putin as he took a direct part in making this decision and it is very important for this country and oil producers," Fedun said.
Lukoil, one of Russia’s largest oil companies, plans to implement the deal, he confirmed.
At the Vienna summit on Wednesday, OPEC countries agreed for the first time over the past eight years to cut oil production to 32.5 mln barrels per day, which means the oil cartel members will reduce their daily average output by 1.164 mln barrels from January 1, 2017.
Now the Organization of the Petroleum Exporting Countries will have to make a similar deal with non-OPEC members. The cartel expects them to cut crude production by 600,000 barrels per day in 2017, including a reduction of 300,000 barrels per day by Russia.
The meeting that is likely to see this agreement made will be held on December 9. Qatar’s Doha could host the talks, but no final agreement has been reached so far.
Qatar’s Energy Minister Mohammed Saleh Abdulla Al Sada, who is the current president of OPEC, said the cartel would take a decision at the meeting in May on extending the deal for another six months.