Putin and Erdogan give positive assessment to joint efforts in Astana processWorld October 21, 3:03
Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
International balance of forces in Syria after Raqqa’s liberation unclear yet — expertMilitary & Defense October 20, 21:05
Russia to resume import of aubergines, pomegranates from Turkey since October 30Business & Economy October 20, 20:18
International station to orbit Moon at 70,000 km distance from EarthScience & Space October 20, 20:09
US indulging in lies to have UN-OPCW mission’s mandate extended — Foreign MinistryRussian Politics & Diplomacy October 20, 19:31
This week in photos: Diplomatic kiss, Paddington's dance and French bank in flamesSociety & Culture October 20, 17:46
Scientific team unlocks secret to supercaps’ vast capacity as ‘the battery of the future’Science & Space October 20, 17:40
Russian economy’s losses from cyber threats may surge fourfold in two yearsBusiness & Economy October 20, 16:52
GORKI, May 31. /TASS/. The next meeting of the ministerial monitoring committee under OPEC on oil production reduction may be held in Russia on July 22-24, Russian Energy Minister Alexander Novak told journalists.
"We discussed with Barkindo (OPEC Secretary General - TASS) the possibility of holding it (the committee’s meeting) on July 22-24, I think that together with all the members of the committee we will confirm this date," the minister said.
He confirmed that the meeting will be held in Russia, but the city is yet to be discussed.
"It also can be St. Petersburg," Novak said.
The monitoring committee was established to monitor the implementation of the oil production cut agreements between OPEC countries and independent oil producers.
The committee comprises five ministers: three from OPEC countries (Kuwait, Algeria and Venezuela) and two from countries outside the cartel (Russia and Oman). Alexander Novak is the co-administrator of the committee along with the Kuwaiti minister. The Committee meets every two months and, as a result, announces the average percentage of implementation of the agreements. In April, it was more than 100%.
The committee will retain its powers after the extension of the oil production cut deal until April 2018.