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

Is religion humanity's deadliest invention?
Is religion humanity's deadliest invention?
Throughout history, and continuing to the present day, differences in race, ethnicity, nationality, tribal allegiance, political belief, economic status, language, and gender have been used to...
Washington escalates orchestrated Ukrainian 'crisis' to war
Washington escalates orchestrated Ukrainian 'crisis' to war
In the late 18th and early 19th centuries Europe faced the determination of the French Revolution to impose Liberty, Equality, Fraternity upon Europe. Today Washington's ambition is larger. The...

Video

Popular photos

Система Orphus