The OPEC + Technical Committee suggested that the ministers consider delaying the growth of oil production by 3-6 months. - MASS MEDIA
02:41 19.11.2020 4309
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.
The presidents of the Central Asian countries agreed to intensify partnerships in the field of energy, transport and other spheres
Special attention was paid to the creation of favorable conditions for partnership in the energy and transport spheres at the Consultative Meeting of the Heads of State of Central Asia, held on August 6 in the Avaza National Tourist Zone. The website of the Foreign Ministry of Turkmenistan reports.
Erdogan proposed to postpone the summit of the heads of Turkmenistan, Azerbaijan and Turkey to a later date
President Recep Tayyip Erdogan in a telephone conversation on Thursday with the head of Turkmenistan Gurbanguly Berdimuhamedov proposed to postpone the summit of the heads of Turkmenistan, Azerbaijan and Turkey scheduled for August to a later date.
Consulting on projects of production facilities in the “smart” city of Arkadag entrusted to a German company
The President of Turkmenistan signed a resolution allowing the State Committee for the Construction of the Smart City of Arkadag to conclude a contract for the provision of consulting services with the German company Goetzpartners Emerging Markets GmbH.
Gasification of Lebap settlements continues
Currently, the number of new residential areas in the Lebap region is growing at an accelerated rate, and therefore the gasification of settlements, which are provided with «blue fuel», is actively promoting.
The expert spoke about the prospects for the production and export of sulfur in Turkmenistan
One of the promising areas for the development of the gas chemical industry of Turkmenistan is the production and export of sulfur. There is a growing demand for this product around the world from foreign companies from Russia, Switzerland, Afghanistan and other countries, says Doctor of Technical Sciences Allaberdy Ilyasov, as he shared in an interview with CentralAsia.news.