Alexander Novak confirmed reduction oil production with Russian Federation in May on 500 thousand barrels per day

Russian Federation in May reduced oil production in 500 thousand barrels/days, the Deputy Prime Minister Alexander Novak declared. According to him, the world market of oil now stays "in balance". Alexander Novak Photo: Miridonov Alexander, newspaper "Kommersant" "Yes. We came to 500 thousand barrels per day" — the Deputy Prime Minister on press conferences in Tehran told, answering a question, whether there was Russian Federation in May for reductions corresponding volume oil production (the quote on information agency "ITAR-TASS"). Let's note that before OPEC reported about decrease in production by Russian Federation on 300 thousand barrels per day in March. Alexander Novak also told that PUBLIC JOINT-STOCK COMPANY "GAZPROM" considers development...