Russia is not going to reduce oil production
Edited by Rhod Mackenzie / 2014-11-25 04:53:55
Russia does not discuss possible reduction of own oil production connected with maintenance of global oil price, the Minister of Energy A. Novak claims.
Last week Mr. Novak told that the point needed detailed elaboration.
He says now that the state does not have such decision. Russia highly depends from filling in of the budget by the oil sector. It does not have either the technologies for rapid enlargement or reduction of production, dislike Saudi Arabia for example. However the Ministry works with the Government over invention of the reasonable methods, he says.
