Ministry of Energy: Russia will reduce oil production in 6 months, if the price remains low
Edited by Rhod Mackenzie / 2014-12-01 07:37:09
They do not discuss the creation of oil reserve in Russia. Deputy Minister of Energy of Russia K.Molodtsov said.
However, in case of steady reduction of prices on energy products, the country will start own production decrease. “We have 2.5 thousand deposits and we can mitigate the situation (reducing production at some of them),” Kommersant writes citing Molodtsov.
