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.

 


Popular photos


Most popular

America and Russia clash in Macedonia
America and Russia clash in Macedonia
As Moscow was celebrating Victory Day over Nazism on May 9, we witnessed a fight in the city of Kumanovo in which the Macedonian police were protagonist. The state of Macedonia, on the other hand...
Merkel waves goodbye to G8
Merkel waves goodbye to G8
The G8 format will no longer exist, German Chancellor Angela Merkel said
Система Orphus