Of the Russian Federation has approved the accession to the agreement by OPEC on oil production

РФ назвала условие присоединения к соглашению ОПЕК по добыче нефти

Minister of energy of Russia Alexander Novak

Minister of energy of Russia Alexander Novak called on OPEC members to reach agreement within the organization.

Russia will support the position in the OPEC measures to stabilize oil market when the countries of the cartel General consensus within the organization. This was stated by Minister of energy of Russia Alexander Novak, reports Interfax.

“We agree with the position that OPEC should reach a consensus within the organization before an agreement will be able to join the countries outside of OPEC,” he said.

Novak noted that Russia keeps a positive attitude concerning the agreement and continues its participation in the consultations.

Earlier, Bloomberg reported that the meeting of experts of member countries and non-OPEC, may not take place due to the failure of the participation of Saudi Arabia. The Kingdom believes that before you agree to coordinate actions in the market with oil producing countries outside the cartel, OPEC countries must agree on the reduction of oil production between themselves.

The Secretary General of OPEC foresees the end of low oil prices

In September, at an informal meeting in Doha, OPEC agreed to reduce oil production to 32.5-33 million barrels per day. By this time, OPEC had within themselves to decide on the production quotas for each of the cartel members. While OPEC countries are unable to agree on volumes of reduction of oil production.
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