Putin appoints Anatoly Antonov Russia’s ambassador to USRussian Politics & Diplomacy August 21, 15:11
Death toll in terrorist attacks in Catalonia grows to 15World August 21, 14:36
Expert says Russia halted global warming for one yearScience & Space August 21, 14:01
Moscow slams suspension of US visa procedures throughout RussiaRussian Politics & Diplomacy August 21, 13:58
Russia inks deal to launch two South Korean satellites on Soyuz rocketScience & Space August 21, 13:33
Poll reveals Russians take pride in country’s symbolsSociety & Culture August 21, 13:15
Press review: Moscow works to cool off US-North Korea spat and Japan eyes peace treatyPress Review August 21, 13:00
Passenger ground effect vehicle seating 100 to be created in Russia in 2020-2022Military & Defense August 21, 12:35
Australian cyclist Perkins gets Russian passportSport August 21, 12:21
TEHRAN, February 20. /TASS/. Russia is ahead of its February schedule for oil production cut, Russian Energy Minister Alexander Novak told reporters on Monday.
"We are generally ahead of the schedule in place," the minister said responding to the question regarding Russia’s production cut rates in February.
Russian Energy Minister Alexander Novak and Iran’s Oil Minister Bijan Namdar Zangeneh plan to discuss a range of issues tomorrow, including compliance with oil production limiting agreements:
"The list of issues is standard and pertains to the oil and gas sector and the market situation, considering that Iran and Russia are parties to the agreement signed in Vienna," Novak said.
On December 10, 2016, OPEC and non-OPEC countries signed an agreement on joint reduction of oil output at a meeting in Vienna.
Thus, 11 non-cartel countries (Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, the Republic of Sudan and South Sudan) will join the cut announced by OPEC members of 1.164 mln barrels per day in the first half of this year, and reduce production by another 558,000 barrels per day. The total crude oil production cut will amount to 1.7-1.8 mln barrels per day. Russia undertook to cut its oil production by 300,000 barrels per day in the first half of 2017.