MOSCOW, Mar 21 Russia is close to achieving the goal of reducing oil production by 500,000 barrels per day, this will happen in the near future, said Vice -Prime Minister Alexander Novak.
«Russia maintains its position on the complete rejection of illegal restrictive measures and has voluntarily announced a production limit of 500,000 barrels per day since March. At the moment, Russia is close to achieving the target level of reduction — it will be reached in the coming days,» he said. he.
According to earlier statements by the Deputy Prime Minister, in February, production in Russia remained at the level of previous months, and in December-January it was at the level of 9.8-9.9 million barrels per day. In total, according to the results of last year, the aggregate figures increased by two percent and amounted to 535 million tons. even last month. According to him, this will contribute to the restoration of market relations.
Thus, this measure became one of Moscow's responses to the fuel sanctions of some countries. So, from February 5: The European Union banned the import of petroleum products, at the same time the members of the EU and the G7 set a price ceiling for them. The marginal cost was set at $100 per barrel for oil products traded at a premium to the benchmark oil (diesel fuel) and $45 per barrel for those traded at a discount (fuel oil).
President Vladimir Putin banned deliveries of Russian oil and oil products to foreign persons, if the contracts directly or indirectly provide for the use of a price fixing mechanism (the so-called ceiling) introduced by the United States and other unfriendly countries. With respect to oil, this response went into effect on 1 February. For petroleum products, the date should be determined by the government. It has not yet been assigned.