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[size=36]Russian official: "OPEC +" agreement may be resumed if other countries join it[/size]
Political | 09:53 - 27/03/2020
Baghdad - Mawazine News
, Director-General of the Russian Fund for Direct Investment Kirill Dmitriyev said that the agreement to reduce oil production "OPEC +" may be resumed if other countries joined the agreement and that comes at a time when prices have collapsed.
The president of the fund said in an interview with "Reuters" agency published today: "There is a need for joint moves by countries to reform the global economy. These joint moves are also possible within the framework of the (OPEC +) agreement."
He added, "The participation of other countries in the agreement is an important issue for achieving balance in oil markets."
Oil prices recently fell to the lowest level in 17 years, amid fears of a decline in oil demand due to the effects of Corona, and the failure of "OPEC +" countries to reach an agreement on extending production cuts beyond March 2020, as no understanding was reached between Moscow And Riyadh about the cuts.
Dmitriyev stressed that the joint investment projects with Saudi Arabia will continue, stressing that "the fund maintains good relations with Saudi Arabia, and agreed with Riyadh to separate energy from joint investment projects."
He pointed out that Russia and the United States need to restore relations now more than ever in light of the risks of the Corona virus to health and the global economy. Ended 29 / h
, Director-General of the Russian Fund for Direct Investment Kirill Dmitriyev said that the agreement to reduce oil production "OPEC +" may be resumed if other countries joined the agreement and that comes at a time when prices have collapsed.
The president of the fund said in an interview with "Reuters" agency published today: "There is a need for joint moves by countries to reform the global economy. These joint moves are also possible within the framework of the (OPEC +) agreement."
He added, "The participation of other countries in the agreement is an important issue for achieving balance in oil markets."
Oil prices recently fell to the lowest level in 17 years, amid fears of a decline in oil demand due to the effects of Corona, and the failure of "OPEC +" countries to reach an agreement on extending production cuts beyond March 2020, as no understanding was reached between Moscow And Riyadh about the cuts.
Dmitriyev stressed that the joint investment projects with Saudi Arabia will continue, stressing that "the fund maintains good relations with Saudi Arabia, and agreed with Riyadh to separate energy from joint investment projects."
He pointed out that Russia and the United States need to restore relations now more than ever in light of the risks of the Corona virus to health and the global economy. Ended 29 / h
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