The OPEC + Technical Committee suggested that the ministers consider delaying the growth of oil production by 3-6 months. - MASS MEDIA
21:41 18.11.2020 6172
On Tuesday, the ministers of the OPEC + monitoring committee will consider the prospects for the oil market and the possibility of postponing the planned increase in oil production by 2 million barrels per day from 2021 for 3-6 months, INTERFAX reports.
Experts of the OPEC + technical committee at a meeting on Monday suggested that ministers consider the possibility of not increasing oil production, as it is expected from January 2021, but postponing the increase by 3-6 months, Bloomberg writes, citing unnamed delegates.
Experts see risks for the oil market as the recovery is slower than expected.
The countries of OPEC and non-OPEC in April of this year decided on an unprecedented agreed reduction in oil production after a quarter of oil demand fell due to the COVID-19 pandemic.
The decision was taken immediately for two years, but with a gradual increase in production. So, if in May-June the reduction was supposed to be 9.7 million barrels per day to the level of October 2018 (while for Russia and Saudi Arabia separate reference bases were adopted - 11 million b / d), then from July it was assumed by 2 million b / d (this increase was postponed to August), and from January 2021 - by another 2 million b / d, keeping this level until May 2022.
Topical aspects of Turkmen-Chinese cooperation discussed
Topical aspects of the Turkmen-Chinese partnership were discussed on December 26 at the Ministry of Foreign Affairs of Turkmenistan at a meeting between Deputy Minister of Foreign Affairs of the country Serdar Muhammetdurdyev and Deputy Head of the International Department of the Central Committee of the Communist Party of China Chen Zhou. This was reported by the Foreign Ministry of Turkmenistan.
For five months, the production plan at TCOR was fulfilled by 110.4%
The staff of the Turkmenbashi complex of oil refineries completed the five months of 2022 with good production and economic results. The volume of crude oil refining at the TCOR for this period amounted to more than 1 million 878 thousand tons, while the plan was fulfilled by 110.4%.
President Serdar Berdimuhamedov approved new proposals on cooperation between Turkmenistan and Japan
President of Turkmenistan Serdar Berdimuhamedov approved proposals on strengthening cooperation between our country and Japan, which were voiced at a recent joint meeting of the Turkmen-Japanese and Japanese-Turkmen Committees on Economic Cooperation.
The WTO representative discussed the possibilities of intensifying cooperation at the Ministry of Foreign Affairs of Turkmenistan
Opportunities for enhancing comprehensive cooperation with the WTO were discussed on Monday at a meeting between Vice-Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Deputy Director General of the World Trade Organization (WTO) Zhang Xianchen, who arrived in Ashgabat on a working visit. This is reported by the website of the Foreign Ministry of Turkmenistan.
Deposits of drinking water with an area of 130.8 square kilometers were discovered in Lebap region
Deposits of drinking water with a total area of 130.8 square kilometers were discovered as a result of work carried out by specialists of the State Corporation «Turkmengeology» in Lebap region. This was reported by Vice-Chairman of the Cabinet of Ministers Shahym Abdrakhmanov at a government meeting last Friday.