Russia's Taimyr Peninsula sees most wide-ranging military drill in its historyMilitary & Defense August 21, 17:12
State of emergency declared in Russia’s Rostov-on-Don due to fireWorld August 21, 16:48
Russian planes in Syria fly 316 sorties over five daysMilitary & Defense August 21, 15:55
Ka-226 helicopter to be first equipped with new crash-resistant fuel system by 2019Military & Defense August 21, 15:54
Putin appoints Anatoly Antonov Russia’s ambassador to USRussian Politics & Diplomacy August 21, 15:11
Russian senator blasts US visa suspension decision as 'dirty trick'Russian Politics & Diplomacy August 21, 15:09
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
ST. PETERSBURG, July 23. /TASS/. Russia produced in July 10.947 million barrels, which is 300,000 barrels less than the level of October, which OPEC considers a base level in agreement on production cut, Russia's Minister of Energy Alexander Novak told reporters on Sunday.
"In July, we had 10.947 (million barrels), minus 300 (thousand barrels - TASS) of October," he said.
Russia reached the target cut under the deal with OPEC back in May.
Russia and OPEC extended the production cut deal for another nine months from July 1 to end of March, 2018. The agreement's terms and conditions remain unchanged.
The ministerial committee on July 24 will discuss growing oil output in Libya and Nigeria, Novak told reporters.
"Of course, we shall discuss the current situations in all the countries," he said. "Including Libya and Nigeria."
On July 22, the technical committee discussed growing production in those countries. OPEC’s Secretary General Mohammad Barkindo told reporters the delegations from Libya and Nigeria at the meeting had presented all the figures and production plans - which correspond to the problems those countries are facing.
Libya and Nigeria are two members of OPEC, which are outside the obligation of production cut due to the instable political situations in those countries. Meanwhile, the production there was growing thus affecting the effect from the cutting under the deal.