Report: Supplies to Sibur restricted over OPEC+ deal - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Supplies to Sibur restricted over OPEC+ deal

MOSCOW, Jan 23 (PRIME) Ц Supplies to Russian petrochemical company Sibur have become insufficient as companies fulfill the OPEC plus nonmember output reduction agreement, CEO Dmitry Konov told channel CNBC in an interview broadcast Tuesday.

УWe have seen some decrease of oil production in Russia over the last six months in accordance with the (OPEC plus nonmember) deal. Sibur is a company whose activities are connected with supplies by all largest Russian oil and gas producers,Ф Konov said.

УWe see a fall in production on some deposits. This is real, this has happened and we, on our side, experience some supply restrictions (due to the OPEC deal).Ф

OPEC agreed to reduce production by 1.2 million barrels daily to 32.5 million barrels in November 2016. In December 2016, 11 non-OPEC countries including Russia agreed to cut their combined output by 558,000 barrels. In November 2017, the agreement was prolonged until the end of 2018.


23.01.2018 13:07
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 76.1350 -0.8148 17 jan
USD 66.7617 -0.3203 17 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1152.99 +0.43 18:50 16 jan
micex 2434.60 -0.20 18:50 16 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 156.90 -0.79 18:49 16 jan
lkoh 5129.00 -1.27 18:49 16 jan
rosn 421.00 -0.79 18:49 16 jan
sber 201.26 +1.65 18:49 16 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.9800 -0.6975 14:59 16 jan
USDTD 66.4700 -0.5400 17:44 16 jan