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Lukoil is preparing to cut output in Iraq

rocky
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Lukoil is preparing to cut output in Iraq Empty Lukoil is preparing to cut output in Iraq

Post by rocky on Mon 25 Jan 2016, 11:02 am

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Monday 25-01-2016 | 12:02:51
 
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Twilight News / Mark Leonid Fedun, vice president of "Lukoil", the second largest oil producer in Russia, it should be for Moscow to start working with the "OPEC" in Reducing the supply of oil to world markets in a bid to support prices. 
The news agency "Tass" news Fedun saying in an interview, said that "Lukoil" plans to cut production this year. 
He justified that by saying "It's better sell a single barrel of oil at $ 50 instead of the two barrels at a price of $ 30." 
As Fedun said that low oil currently at world prices, the "Lock Oil "is not ready to participate in oil projects in Iran. 
He added that the company is preparing to cut production in Iraq.


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