On the eve of the conclusion of the transaction OPEC the head of the Ministry of energy of Russia Alexander Novak said in a telephone conversation with his Saudi counterpart, Khaled al-Valicom that Russia is ready to reduce oil production. About it reports Bloomberg with reference to the negotiations on the agreement.

Earlier, Reuters reported the key role in a deal between Russian President Vladimir Putin.

According to Bloomberg, the conversation with Novak Minister of energy of Saudi Arabia was held on the night of November 29 and the next day was signed an important agreement with the largest oil exporters. As stated in the article, the Russian Minister promised that Russia would not just freeze a prey as previously thought, but it would reduce it.

In the interview al-Valicom Novak suggested that Russia took over half of the total reduction of oil production that OPEC demands from countries outside the cartel. But the Saudi Minister, in turn, promised to exert pressure on the members of the Association to those agreed amounts of cuts.

Confirmation of the facts stated in the Bloomberg article no. To clarify the question tried by the journalists of RBC, however, the representative of the energy Ministry’s request is not answered.

Earlier, Reuters reported that Putin has played a crucial role in reaching agreements, achieving settlement of the dispute between Saudi Arabia and Iran. Before the intervention of the Russian leader, Saudi Arabia has defended a position that Iran should reduce oil production, as well as other exporters. In Iran after the lifting of Western sanctions insisted on production capacity.

According to the Agency, Tehran, until recently, refused to reduce oil production, has changed the approach after the call of Putin to the Iranian leader Hassan Rouhani.

The organization of countries – exporters of oil (OPEC) at the end of the talks on Wednesday took a decision a period of six months to cut oil production by 1.16 million barrels per day – up to 32.5 million barrels. Russia in turn agreed to cut oil production by 300 thousand barrels per day.



Bloomberg: the night before the deal OPEC Novak has promised Saudi counterpart the reduction of oil production in Russia 02.12.2016

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