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 6659
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.
Turkmenistan at the UN General Assembly will propose to develop a global strategy for zero growth in greenhouse gas emissions
Turkmenistan at a regular session of the UN General Assembly will make a proposal to develop a global Zero GHG emissions strategy by 2030 and adopt the International Forum on this issue. This proposal is included in the priority positions of Turkmenistan at the 78th session of the UN General Assembly, published on the website of the Ministry of Foreign Affairs of Turkmenistan.
Iraq establishes committee to purchase Turkmen and Qatari gas
Iraqi Energy Minister Ziyad Ali Fadel told reporters about the formation of a joint committee to discuss issues of supplies of Turkmen and Qatari natural gas, the Iraqi news agency Iraqi News reports.
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan will give a new impetus to cooperation, - Shavkat Mirziyoyev
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan, held on August 4 in Ashgabat, will give a new impetus to interstate cooperation. This was stated by the President of Uzbekistan Shavkat Mirziyoyev in a letter addressed to the National Leader of the Turkmen people, Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov.
Azerbaijan has laid an underwater pipeline commissioned by Turkmenistan
Pipe-laying vessel “Suleiman Vezirov”, owned by CJSC Azerbaijan Caspian Shipping Company (ASCO), completed the laying of the underwater pipeline at the oil field LAM and ZHDANOV in the Caspian Sea.
Businessmen from the UAE and Afghanistan purchased products of the Turkmennebit at the auction
40 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.