ADVERTISEMENT

Govt to cut oil output by 300,000 barrels per day

Responding to a decision by OPEC Wednesday to reduce crude output to lift prices, Novak said Russia was ready to cut its own oil production.

An employee of Russian gas and oil giant Gazprom works in Novoprtovskoye oil and gas condensates oilfield at Cape Kamenny in northern Russia in February 2015

Responding to a decision by OPEC Wednesday to reduce crude output to lift prices, Novak said Russia was ready to cut its own oil production by 300,000 barrels a day next year.

"Russia will progressively reduce its oil production by 300,000 barrels a day in the first half of 2017," Novak was quoted by the state agency Ria-Novosti as saying, adding the move was conditional on the OPEC decision being "upheld."

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

10 Northern governors will fly to US to learn how to protect their region

10 Northern governors will fly to US to learn how to protect their region

Task force enters streets as Alex Otti declares war against indiscipline in Abia

Task force enters streets as Alex Otti declares war against indiscipline in Abia

FG suspends mining activities within OAU after reports of illegal operations

FG suspends mining activities within OAU after reports of illegal operations

Like Bobrisky, EFCC drags Cubana Chief Priest to court for spraying naira notes

Like Bobrisky, EFCC drags Cubana Chief Priest to court for spraying naira notes

Israeli military leaders to hold third meeting on how to deal with Iran

Israeli military leaders to hold third meeting on how to deal with Iran

Nigeria's telecoms sector witnesses revival as NCC's leadership draws acclaim

Nigeria's telecoms sector witnesses revival as NCC's leadership draws acclaim

Like Ganduje in Kano, Kaduna Assembly opens investigation against El-Rufai

Like Ganduje in Kano, Kaduna Assembly opens investigation against El-Rufai

DNA on Chidinma's dress matches victim, Ataga in alleged murder trial

DNA on Chidinma's dress matches victim, Ataga in alleged murder trial

NDLEA destroys 300 tons of illicit drugs in Lagos, Sanwo-Olu praises effort

NDLEA destroys 300 tons of illicit drugs in Lagos, Sanwo-Olu praises effort

Pulse Sports

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Lionel Messi's son breaks the internet after scoring five goals for Inter Miami

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024

Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve

Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve

Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges

Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges

ADVERTISEMENT
ADVERTISEMENT