Russian Energy Minister on new participants of oil output cut deal

Russian Energy Minister on new participants of oil output cut deal

Another 3-5 countries might join the agreement on reducing oil production by OPEC countries and non-cartel exporter countries, Russia’s Energy Minister Alexander Novak said.

"I think it will be 3-5 new countries," TASS cited Novak as saying.

Although the minister did not name specific countries, according to him, they would add a certain volume to the total share of oil production to be reduced, but did not name possible volumes. 

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