OPEC to reach 100% implementation of deal in September-October - Russian energy minister
Russian Energy Minister Alexander Novak.
Algiers - TASS
OPEC member countries are expected to reach a 100% implementation of the deal already in September-October, Russian Energy Minister Alexander Novak said on Sunday.
"I think we will be able to reach this level (of 100%) already in September-October," he said.
In August, the index of implementation was 129% and it was 109% in July.
According to Novak, Russia is capable of not only regaining former oil production volumes but even increase it in excess of the quota. "We have capacities to regain oil production and event to increase it. I think it can be several hundred thousands of barrels," he said.
In the past six years, Russia increased daily oil output by 100,000 barrels, he said, adding that the exact volume of growth would depend on "companies’ investment plans and the market situation.".
- Thursday ,13 December GMT 13:52 2018 Economic conference on investment opportunities in Syria kicks off
- Sunday ,09 December GMT 12:24 2018 Cairo, Rome ink 45 million Euros deal to support Egyptian private sector
- Friday ,07 December GMT 16:28 2018 Putin does not rule out connecting South Europe to Turkish Stream via Greece
- Sunday ,02 December GMT 07:54 2018 US and China agree to 90-day ceasefire on tariffs after leaders' meet
- Tuesday ,20 November GMT 16:13 2018 Eurasian Economic Commission, Thailand sign memorandum on cooperation
- Monday ,19 November GMT 16:41 2018 Putin hails Turkish president’s role in seeing TurkStream project implemented
GMT 13:52 2018 Thursday ,13 December
Economic conference on investment opportunities in Syria kicks offGMT 12:24 2018 Sunday ,09 December
Cairo, Rome ink 45 million Euros deal to support Egyptian private sectorGMT 16:28 2018 Friday ,07 December
Putin does not rule out connecting South Europe to Turkish Stream via GreeceGMT 13:02 2018 Tuesday ,04 December
French PM puts fuel tax hike on hold after protestsGMT 07:54 2018 Sunday ,02 December
US and China agree to 90-day ceasefire on tariffs after leaders' meetGMT 12:27 2018 Friday ,30 November
G20 set to open in Argentina with global trade concerns in focusGMT 16:13 2018 Tuesday ,20 November
Eurasian Economic Commission, Thailand sign memorandum on cooperationGMT 16:41 2018 Monday ,19 November
Putin hails Turkish president’s role in seeing TurkStream project implementedRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 09:43 2019 Monday ,19 August
Live a calm atmosphere in your career
GMT 13:30 2017 Saturday ,11 March
Arsenal Will Require Miracle to Go Through after Bayern DrubbingGMT 19:20 2012 Tuesday ,13 November
Angela Flanders launches Aqua Alba fragrance
GMT 12:53 2014 Saturday ,18 October
Harrods launches Salon de Parfums
GMT 21:21 2018 Thursday ,13 December
US begins crackdown on Iran sanctions violations
GMT 04:03 2013 Friday ,14 June
IBM\'s layoffs exceed 1600
GMT 10:16 2013 Monday ,18 March
ST-Ericsson to cut up to 1600 jobs worldwide
GMT 08:03 2012 Friday ,28 December
French shipyard given luxury liner contract
GMT 15:52 2017 Sunday ,26 February
GOIC Review Cooperation Aspects with King Abdullah University of Science and Technology
GMT 16:00 2015 Tuesday ,30 June
Eurotunnel: Trains resume service through Channel Tunnel after protest
GMT 13:31 2013 Thursday ,22 August
William Wilde introduces debut men\'s underwear collection
GMT 15:00 2016 Wednesday ,02 March
Leonardo DiCaprio nabs Oscar gold, 22 years on
GMT 11:45 2017 Wednesday ,26 April
Deputy PM receives education seminar participants
GMT 12:08 2017 Thursday ,14 September
VW recalls 4.86 million vehicles in China over faulty airbags
GMT 11:10 2017 Friday ,03 March
UAEU students design car to compete in Singapore eco-marathon
GMT 17:22 2017 Tuesday ,11 April
Trump’s strike against Assad in Syria: The message for Iran
GMT 06:48 2013 Thursday ,31 October
Denmark\'s Noma restaurant \'threatened interns with blacklist\'GMT 10:36 2012 Tuesday ,26 June
Djokovic, Sharapova qualify for Wimbledon 2nd round
GMT 08:11 2012 Monday ,09 January
Olympus sues current and past executives
GMT 05:24 2017 Saturday ,28 January
South Sudan aims to increase oil output
GMT 15:16 2018 Tuesday ,13 November
Climate change losses could trigger 'extinction domino effect'
GMT 08:09 2018 Monday ,12 November
Japanese whalers leave for Antarctic amid international criticism
GMT 11:42 2018 Thursday ,08 November
8 Yemenis killed in random Houthi shelling
GMT 05:46 2014 Wednesday ,19 February
World\'s oldest man reportedly living in India at 117
GMT 14:51 2018 Tuesday ,09 October
Top Egyptian terrorist nabbed in LibyaGMT 09:17 2012 Sunday ,09 December
Senior Yemeni military commander killed in \'Al-Qaeda\' ambush
GMT 14:35 2014 Wednesday ,19 March
DM focuses on quality construction materials
GMT 07:52 2014 Monday ,24 February
Boart Longyear posts full-year net loss of $620m
GMT 11:01 2013 Thursday ,28 March
Honda sets up motorcycle unit in Kenya
GMT 00:06 2015 Friday ,06 March
Mahlab meets with Red Sea governor on donations for Tahya Masr fundGMT 05:40 2012 Sunday ,18 March
Egypt: Pope Shenouda III, aged 89, has died
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor