The OPEC + Technical Committee suggested that the ministers consider delaying the growth of oil production by 3-6 months. - MASS MEDIA
02:37 19.11.2020 17655
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.
Uninterrupted operation of the checkpoint is ensured on the Turkmen-Afghan border, - MFA
Turkmenistan continues to ensure the uninterrupted operation of checkpoints on the Turkmen-Afghan border, the website of the Ministry of Foreign Affairs of Turkmenistan reports.
Turkmenistan has been admitted to the Union of Chambers of Commerce and Industry of Turkic Countries
Turkmenistan has been admitted to the Union of Chambers of Commerce and Industry of Turkic States. The Ministry of Foreign Affairs of Turkmenistan reported this on March 18.
Structural units of the oil and gas complex took an active part in the nationwide tree planting campaign
Last Saturday, a nationwide tree planting campaign started across the country. The spring campaign, which has become a tradition, is designed to ensure environmental well-being throughout the country. In this regard, in all velayats, as well as in the cities of Ashgabat and Arkadag, the planting campaign was held at a high organizational level.
Environmentally friendly and high-tech project at «Galkynysh» will be successfully implemented, - representative of «CNPC»
When carrying out construction work at the Galkynysh field, modern scientific and technical justifications and methods will be used, and wells will be drilled at the highest quality level. This was stated by Chen Huailong, Director General of the China National Petroleum Corporation (CNPC) branch in Turkmenistan, speaking at a ceremony marking the start of construction of those new wells in the giant Galkynysh gas field.
Turkmenistan continues to provide electricity to the regions of Afghanistan, - MFA
Turkmenistan continues to supply electricity to neighboring Afghanistan in accordance with existing contracts, the website of the Ministry of Foreign Affairs of Turkmenistan reports.