Russia in search of the opportunity for reduction of oil production in order to maintain the prices

Russia discusses the opportunity for a reduction of its own oil production in order to maintain the global oil prices but they do not have the final decision as yet, the Minister of Energy A. Novak says.

In his opinion, the point needs careful consideration. The decision is not made as yet. The Russian budget depends a lot on the income from the oil sector. The state does not have the technologies for rapid enlargement or reduction of oil production as distinct from Saudi Arabia for example. They work inside the Government for consideration of reasonability of these methods.

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