ECONOMY


Russia may consider oil production cut

Baku, October 27, AZERTAC

At this stage of talks on oil market stabilization Russia considers reasonable production freeze, but during the negotiations process Moscow may change its stance and discuss a production cut, Russian Permanent Representative to the International Organizations in Vienna Vladimir Voronkov said Wednesday, according to Sputnik News.

"The thing is that negotiations is a process during which joint approaches are developed. Of course, as of today, when talks are still at an early stage, it is hard to say what a joint wish is going to lead to. But for today I can confirm that for us, as a starting point, we do not consider production cut a reasonable approach. We consider reasonable production freeze and gradual reaching of balance on the oil market," Voronkov told RIA Novosti.

© Content from this site must be hyperlinked when used.

FEEDBACK

Fields with * are required.

Please enter the letters as they are shown in the image above.
Letters are not case-sensitive.