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Russian PM says Putin played great role in output deal between OPEC, non-OPEC members

December 15, 2016, 14:23 UTC+3

Putin contacted his counterparts for the sake of clinching a deal, according to Russian Prime Minister Dmitry Medvedev

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MOSCOW, December 15. /TASS/. Russian President Vladimir Putin has played a great role in the agreement achieved by OPEC and non-OPEC member-states on oil production cut, Prime Minister Dmitry Medvedev said in an interview with Russian TV channels on Thursday.

"As far as OPEC is concerned, it is good that an agreement was forged, they could have achieved nothing. Everybody who participated in the talks should be thanked. Russian President Vladimir Putin played a noticeable role, as he contacted his counterparts for the sake of clinching a deal. We are not an OPEC member, but we tried to facilitate this process," Medvedev said.

On December 10, OPEC and non-OPEC countries signed the agreement on joint reduction of oil output at a meeting in Vienna on December 10. Also, 11 countries will join the announced cut by OPEC members of 1.164 mln barrels per day in the first half of next year, and reduce production by another 558,000 barrels per day. Thus, the total crude oil production cut will amount to 1.7-1.8 mln barrels per day. Russia plans to cut its oil production by 300,000 barrels per day in the first half of next year.

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