Baku 16° C
Alexander Novak: Withdrawal from OPEC+ deal will be gradual
Energy
- 22 December, 2017
- 11:20
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 22 December. REPORT.AZ/ In addition to stabilization of oil market by the OPEC+ agreement, OPEC and its allies continue to closely follow the shale oil production in the United States and all processes in global oil market.
Report informs, Russian energy minister Alexander Novak said in interview with Kommersant newspaper.
Novak also pointed out that a consensus has been achieved from OPEC+ deal. "The main purpose here is to prevent sudden surplus offers in the oil market. But, if necessary, the OPEC+ agreement can be extended after 2018".
The minister said that by 2035, Russia could increase its current 4% share in liquefied gas market up to 15-20%.
Author
Latest News
21:18
Leyla Aliyeva meets UNESCO Deputy Director-General
Cultural policy
21:16
Photo
Heydar Aliyev Center hosts panel on museums and cultural dialogue
Cultural policy
20:44
Photo
Baku hosts presentation of 3rd edition of 'Book of Peace' dedicated to Azerbaijan
Cultural policy
20:43
Photo
Video
Azerbaijan, NATO discuss military cooperation during helicopter evaluation
Military
20:26
Photo
Azerbaijan beats Gibraltar 5–1 at U-15 World Cup in Baku
Football
20:16
Photo
Azerbaijan, OIC discuss expanding cooperation and Islamic solidarity
Foreign policy
20:11
AzFina official urges lenders to focus on underserved small businesses
Finance
20:08
Photo
Seventh World Forum on Intercultural Dialogue concludes in Baku
Cultural policy
20:04
Azerbaijan offers condolences to Spain over deadly train accident
Foreign policy