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MOSCOW, Dec 1 (Reuters) - Russia plans to cut its oil output from November-December levels as a part of its agreement to stabilise global oil market together with OPEC, Energy Minister Alexander Novak told reporters on Thursday.
Novak said a day earlier Russia was ready to cut oil production by up to 300,000 barrels per day in the first half of 2017 as a part of its agreement with OPEC.
"It will be an equal approach, an equal cut by all (Russian) companies, but we will work out (details) additionally... In general, there is an understanding that this (cut) should be equal in percents for all," Novak said. He did not elaborate.
Rosneft
ROSN.MM
is Russia's top oil producer, followed by Lukoil
LKOH.MM
, Surgutneftegaz
SNGS.MM
and Gazprom Neft
SIBN.MM
. Rosneft and Gazprom Neft declined to comment, while Lukoil and Surgut did reply to Reuters requests seeking a comment.
Russia's oil output set a new post-Soviet era record high in October, rising 0.1 percent from September to 11.2 million barrels per day (bpd).
O/RUS1
Novak also said Azerbaijan, Kazakhstan, Mexico, Oman, Bahrain and other non-OPEC producers could join the deal.
Other non-OPEC countries are expected to contribute a cut of 300,000 bpd in addition to Russia.
(Reporting by Katya Golubkova and Denis Pinchuk; additional reporting by Oksana Kobzeva; writing by Maria Kiselyova; editing by Susan Thomas) ((maria.kiselyova@thomsonreuters.com; +7 495 775 1242; Reuters Messaging: maria.kiselyova.thomsonreuters.com@reuters.net))
MOSCOW, Dec 1 (Reuters) - Russia plans to cut its oil output from November-December levels as a part of its agreement to stabilise global oil market together with OPEC, Energy Minister Alexander Novak told reporters on Thursday.
Novak said a day earlier Russia was ready to cut oil production by up to 300,000 barrels per day in the first half of 2017 as a part of its agreement with OPEC.
"It will be an equal approach, an equal cut by all (Russian) companies, but we will work out (details) additionally... In general, there is an understanding that this (cut) should be equal in percents for all," Novak said. He did not elaborate.
Rosneft
Russia's oil output set a new post-Soviet era record high in October, rising 0.1 percent from September to 11.2 million barrels per day (bpd).
Novak also said Azerbaijan, Kazakhstan, Mexico, Oman, Bahrain and other non-OPEC producers could join the deal.
Other non-OPEC countries are expected to contribute a cut of 300,000 bpd in addition to Russia.
(Reporting by Katya Golubkova and Denis Pinchuk; additional reporting by Oksana Kobzeva; writing by Maria Kiselyova; editing by Susan Thomas) ((maria.kiselyova@thomsonreuters.com; +7 495 775 1242; Reuters Messaging: maria.kiselyova.thomsonreuters.com@reuters.net))
