Google+
Рейтинг@Mail.ru
Pravda.ru

News » Economics

Russian Oil Companies To Take Maximum Efforts To Stabilise Oil Prices

23.11.2001 | Source:

Pravda.Ru

 

The decision of Russian oil companies against building up oil-extraction volumes in 2002 by 15 million tonnes will allow to reduce oil-extraction and export volumes by 300,000 barrels a day, Leonid Fedun, vice-president of the LUKoil company, told journalists Friday. According to him, the reduction in 2002 will constitute 350,000 barrels a day with due regard of the decision already taken by the Russian government to cut oil-extraction and export volumes by 50,000 barrels a day in the fourth quarter of this year. LUKoil deems it expedient to reduce oil-extraction and export volumes proportionally by 100-150 barrels a day, Leonid Fedun noted. He believes this will allow to stabilise the situation in world oil markets.

 
| More
751

Popular photos

Most popular

USA deliberately pushes Russia into China's arms
USA deliberately pushes Russia into China's arms
The United States refused to negotiate with Russia on the deployment of GLONASS navigation system on its territory. Russia and China will discuss possible joint projects in the field of space...
Modern Day America: One Step Away from the Third Reich
Modern Day America: One Step Away from the Third Reich
Unbeknownst to most Americans the United States is presently under thirty presidential declared states of emergency. They confer vast powers on the Executive Branch including the ability to...

Video

Popular photos

Система Orphus