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Discount on Russia's Brent oil down to less than $15 per barrel — minister

"Discounts are already rather small now, and very low in some areas," Nikolay Shulginov added

ST. PETERSBURG, July 27. /TASS/. Russia has managed to lower the discount on its Brent oil to less than $15 per barrel, Energy Minister Nikolay Shulginov said in an interview with TASS on the eve of the Russia-Africa summit.

"Discounts are already rather small now, and very low in some areas. Overall they are below $15," he said.

The second Russia-Africa summit is taking place in the Russian city of St. Petersburg on July 27-28, with an economic and humanitarian forum being held concurrently. This time, same as in 2019 when the first such summit was held in Sochi, the motto is ‘For Peace, Security, and Development’. Roscongress Foundation is the organizer of the event. TASS is the photo hosting agency and information partner of the summit and the forum, and it also holds the second Russia-Africa media forum.

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Oil price Russia-Africa Summit

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