Reduction Of Oil Production In Russia To Be Proportional To Share Of Companies - Novak

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Reduction of Oil Production in Russia to Be Proportional to Share of Companies - Novak

The reduction of oil production by Russian oil companies will be proportional to their market share, Russian Energy Minister Alexander Novak told reporters on Friday.

VIENNA (UrduPoint News / Sputnik - 07th December, 2018) The reduction of oil production by Russian oil companies will be proportional to their market share, Russian Energy Minister Alexander Novak told reporters on Friday.

"I think that we will work out this method together with our companies, but I am sure that, just like last time, it will be proportional.

Because this is the most fair way to achieve the declared figures," Novak told reporters in Vienna.

The minister added that he was planning to discuss the issue with Russian oil producers

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