Add to favourites
News Local and Global in your language
15th of December 2018


Russia says it's harder for us to cut oil output in winter: Ifax

FILE PHOTO - Russian Energy Minister Alexander Novak attends a session of the Russian Energy Week international forum in Moscow, Russia October 3, 2018. REUTERS/Sergei Karpukhin

MOSCOW (Reuters) - Russia will find it harder to cut oil output in winter than other producers because of the cold conditions at Russian oil fields, Interfax news agency quoted Energy Minister Alexander Novak as saying on Thursday.

Oil producers’ organization OPEC has said it is ready to cut production, but that is conditional on Russian contributing to the reduction in output.

“We’ve said it previously ... for us it is much more difficult to cut than for other countries, stemming from our climatic conditions. That is a specific characteristic of our oil production sector,” Interfax quoted Novak as saying.

Reporting by Vladimir Soldatkin; Writing by Christian Lowe

Our Standards:The Thomson Reuters Trust Principles.Read More

Leave A Comment

More News

Reuters: Business News

BBC News - Business

Business News -

Christian Science Monitor |

Home Page


Disclaimer and is not the owner of these news or any information published on this site.