OPEC+ may adjust oil overproduction compensation schedule

Business & Economy October 02, 16:31

Iraq, Kazakhstan and Russia are among countries that insufficiently reduced oil production according to OPEC+ agreements

MOSCOW, October 2. /TASS/. OPEC+ countries may revise the compensation schedule for insufficiently reduced oil volumes, a source in one of delegations told TASS.

The meeting of the OPEC+ Joint Ministerial Monitoring Committee is currently underway.

Iraq, Kazakhstan and Russia are among countries that insufficiently reduced oil production according to OPEC+ agreements. In the meantime, Russian Deputy Prime Minister Alexander Novak said that Russia has already achieved performance of all commitments in the OPEC+ deal.

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