Agreement about freezing of oil between oil-producing countries is possible without the participation of Iran, no one is forced to make will not, said the Minister of energy of Russia Alexander Novak.
“Everything is possible, because it’s open documents. All who wish to join him – join me. Who wouldn’t want to join – nobody is forced to make will not,” said he TASS.
Novak also confirmed the fact of negotiations with the Minister of oil of Saudi Arabia, but did not disclose details. “Now I don’t want to prematurely comment on what will be discussed on April 17 (in Doha). Let’s wait immediately advice. The talks yesterday were, in fact, but I’m not going to prematurely declare,” said he.
Earlier it was reported that the head of the energy Ministry of Russia Alexander Novak and Minister of oil of Saudi Arabia Ali al-Nuaimi has negotiated a freeze of production.
In addition, on Tuesday it became known that Russia and Saudi Arabia before the talks in Doha had agreed to freeze oil production.
April 5, the official representative of Kuwait to OPEC, Nawal Fuzaia said that oil producing countries following the meeting in Doha April 17, may freeze the production of black gold to the level of February. According to the representative of Kuwait, the oil producers may agree to freezing and without the participation in negotiations of Iran because they have no other choice.
The deal to freeze production will push the price of black gold up, with the consequence that the market can return to balance in the second half of 2016, while oil prices will end the year at 45 to 60 dollars per barrel, according to Fusia.
Recall that in early January, U.S. media reported that Saudi Arabia risks becoming a victim of the war in oil prices.
Saudi Arabia’s economy is 90% based on the oil sector, and the fall in energy prices largely influence its state. So, the Saudi Ministry of Finance has previously acknowledged that one of the reasons record for all history of existence of the budget deficit in Saudi Arabia are low world oil prices.
