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 4473
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 President of Turkmenistan launched the construction of new wells at the Galkynysh gas field
Today, on August 23, with the participation of President of Turkmenistan Gurbanguly Berdimuhamedov, a solemn ceremony was held dedicated to the start of construction of new gas wells at the world's largest gas field «Galkynysh» in the Iolotan etrap of Mary region.
The President of Turkmenistan congratulated Shahbaz Sharif on his election as Prime Minister of Pakistan
President of Turkmenistan Serdar Berdimuhamedov sent congratulations to Mian Muhammad Shahbaz Sharif on his election to the post of Prime Minister of the Islamic Republic of Pakistan.
XXVII International Conference «Oil and Gas of Turkmenistan -2022» will be held on October 26-27
On October 26-27, 2022, Ashgabat will host the XXVII International Conference «Oil and Gas of Turkmenistan -2022». The organizers of the forum are the State Concerns «Turkmengas», «Turkmennebit» and the State Corporation «Turkmengeology» in partnership with the company «Turkmen Forum» with the support of the British company GaffneyCline, according to the website of the organizers.
Installation of equipment in the energy service center of Turkmenistan started
The specialists of the contracting organization – the Çalık Enerji company – have started equipping the Center for the repair and maintenance of power equipment, «Turkmenistan: Golden Age» website reports. The center is being built by order of the State Corporation «Turkmenenergo».
Fitch Ratings assigned credit ratings to Turkmenistan at «B» and «B + stable»
The international rating agency «Fitch Ratings» has assigned Turkmenistan a short-term rating at «B» and a long-term rating at «B+ stable», the website of the Ministry of Foreign Affairs of Turkmenistan reports.