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Russia and Qatar are pleased with the results of the agreement to reduce oil production



Russia and Qatar are satisfied with the results of the implementation of the agreement to reduce oil production, said the Minister of energy of Qatar Mohammed al-Garden following the meeting with energy Minister Alexander Novak.



25.Apr.17 5:40 AM
By Christina Orlina
Photo Toinnov.com

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Russia and Qatar are pleased with the results of the agreement to reduce oil production
Russia and Qatar are satisfied with the results of the implementation of the agreement to reduce oil production, said the Minister of energy of Qatar Mohammed al-Garden following the meeting with energy Minister Alexander Novak.

"We are pleased with the result of the implementation of the agreement," said al-Sada, answering a question, whether you discussed at the meeting, the situation on the world oil market and the implementation of the agreement on the reduction of oil production by OPEC countries and outside the organization.

OPEC at a meeting on November 30 in Vienna agreed to reduce its production by 1.2 million barrels a day from October level. Eleven non-OPEC countries, 10 Dec agreed to reduce its production a total of 558 thousand barrels per day, including Russia 300 thousand barrels. The agreement was concluded for the first half of 2017 with the possibility of extension.

Earlier, Novak reported that Russia on 21 April has already reduced oil production to 250 thousand barrels per day relative to the level of production in October. He also added that by the end of April, the Russian Federation needs to reach the target of 300 thousand barrels.



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