MOSCOW, February 13. /TASS/. Russia’s position on possible extension of the OPEC+ agreement on reduction of oil production is yet to be defined, Kremlin spokesman Dmitry Peskov told reporters on Thursday.
"No," he said responding to the question if there is already a decision on the OPEC+ agreement.
Peskov did not name the timeframe when Russia's position on this issue could be voiced. According to him, this will happen "timely."
On Wednesday, representatives of Russian oil companies met with Energy Minister Alexander Novak to discuss the OPEC+ deal. After that meeting first executive Vice President of Lukoil oil major Ravil Maganov told reporters that most companies are inclined to support the extension of the OPEC+ deal for another three months. He added that there has been no single position on that matter yet. At the same time, a source attending the meeting noted that most companies insist on keeping the current terms of the agreement while extending it for three months.
Last week, the OPEC+ technical committee arrived at a conclusion after the three-day meeting in Vienna that countries participating in the oil production capping deal should further cut production by 600,000 barrels daily to mitigate the impact of the new coronavirus on the oil market. It also recommended to extend the current oil production cut agreement until the end of 2020. Russia has not yet supported the proposal and took time for internal consultations.
The meeting of OPEC and OPEC+ is scheduled for March 5-6.