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OPEC does not see problems regarding growth of Russian oil export

OPEC Secretary-General Mohammed Barkindo said the organization is monitoring production, not exports

OPEC Secretary-General Mohammed Barkindo REUTERS/Heinz-Peter Bader

OPEC Secretary-General Mohammed Barkindo

© REUTERS/Heinz-Peter Bader

LONDON, February 21. /TASS/. The Organization of Petroleum Exporting Countries (OPEC) does not see problems relatively to Russia’s growing oil export, OPEC Secretary-General Mohammed Barkindo said at the press-conference on Tuesday.

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Energy minister says Russia outpaces its February schedule of oil production cut

"I am in regular contact with Russia and I remain confident that at the end of the day we will see full and timely implementation of the obligation [to cut oil production - TASS]. Russia is a leading producer, a leading participant in this new broad platform of twenty four producing countries and parameters that we look at are not just exports. We are looking at production in total. We are monitoring production, not exports. Export is the subset of the quantum of production of participating countries," Barkindo said responding to the question from TASS whether the OPEC has concerns regarding Russia’s plans to increase export amid oil production cut.

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