Novak reveals when Russia fulfill its obligations under OPEC+ deal

Novak reveals when Russia fulfill its obligations under OPEC+ deal

Russian Energy Minister Alexander Novak said that Russia will reach a reduction in oil output under the OPEC-non-OPEC deal by the agreed volume of 228,000 barrels per day by the end of March - the start of April.

"By 1 February, we started to reduce production somewhere about 90,000-100,000 barrels per day on October 2018. And given that in December we had output rates higher than in October, by some 50,000 barrels, then against December, the reduction has now reached almost 140,000-150,000 barrels per day," the minister said.

"These are quite large and high rates of reduction," he added.

"I think that we will reach the parameters that were agreed upon under the agreement during March, by the end of March - the start of April," Sputnik cited Novak as saying.

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