OPEC+ at a meeting on April 28 can confirm the decision to restore oil production
14:52 23.04.2021 7816
The OPEC+ countries at the next meeting, which will be held on April 28, can confirm the previously approved plan to increase oil production in May - July 2021, said Russian Deputy Prime Minister Alexander Novak.
“We have scheduled a meeting at the end of April in order to once again monitor the situation, assess the current situation, forecasts. Last time we met a month ago, we discussed our plan of action for three months. Therefore, if nothing extraordinary happens, our task is will confirm these plans and correct new ones”, TASS quotes Novak.
The global oil market is currently balanced, but if the deficit grows, OPEC+ may decide to further increase oil production.
“If there is a deficit, we always have the opportunity to change our decision - to increase production. As long as we see that the market is balanced,” he said.
The Deputy Prime Minister added that to date he had not received any official proposals not to hold the OPEC+ ministerial meeting on April 28.
Ashirguly Begliev appointed Advisor to the President of Turkmenistan on oil and gas issues
Ashirguly Begliev has been appointed Advisor to the President of Turkmenistan on oil and gas issues.
Demand for oil in 2022 will grow by 3.3 million barrels per day, the market will be in short supply – IEA
Demand for oil in 2021 increased by 5.5 million barrels per day, and in 2022 it will increase by 3.3 million bpd, Interfax and Bloomberg report citing a report by the International Energy Agency (IEA).
New Vice-Chairman for Fuel and Energy Complex of Turkmenistan appointed
Amanov Batyr Amangeldiyevich, who until that time had headed the State Concern “Turkmengas”, was appointed as the new Vice-Chairman for the fuel and energy complex of Turkmenistan.
Presidents of Turkmenistan and Uzbekistan discussed key issues of bilateral partnership by phone
Key issues of bilateral partnership were discussed by President of Turkmenistan Gurbanguly Berdimuhamedov and President of Uzbekistan Shavkat Mirziyoyev during a telephone conversation last Thursday, the State News Agency of Turkmenistan reports.
Labor successes of gas workers
Employees of the State Concern "Turkmengas" are making every effort to fulfill the tasks set by the head of state to increase the volume of natural gas production in the country. Of course, for domestic gas workers, this year, passing under the motto “The Fount of the Mind of Magtymguly Fragi,” like previous ones, will be marked by enormous labor successes.