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Russia to cut oil production by more than 117,000 barrels per day in February

February 27, 14:10 UTC+3

Russia is reducing its oil production ahead of schedule, Russia’s Energy Minister Alexander Novak said earlier

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SOCHI, February 27. /TASS/. Russia will reduce oil production in February by more than 117,000 barrels daily within the framework of production limiting agreement, Russia’s Energy Minister Alexander Novak said on Monday.

"By more than 117,000 barrels per day," Novak said.

Russia is reducing its oil production ahead of schedule, the minister said earlier.

According to the February report released by OPEC, Russia lowered production by 120,000 barrels per day in January 2017.

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