Tag Archives: Alexander Novak

Russia is studying all legal issues related to the possible deal.

Russian government officials have become increasingly vocal about rising pump prices in recent weeks.

The terms of the agreement reached last month were ambiguous.

Russia reduced its crude production by 300.000 b d from October 2016.

Earlier this month. Washington urged its allies to stop importing oil from the Islamic Republic by early November.

The Russian oil production stood at 11.054 million barrels per day (bpd) on June 1-26.

Russia depends heavily on pipeline networks to get its energy production to European markets.

Russian Energy Minister Novak is on his way to Washington to attend the World Gas Conference.

Russia plans to increase its output by 200.000 barrels per day as part of Saturday’s deal.

The idea to bump output has been advocated by Saudi Arabia and Russia.