At RDIF told about Russias role in the transaction OPEC

MOSCOW, 13 APR – RIA Novosti. Russia has played a key role in the conclusion of the transaction OPEC+ has helped countries to reach a compromise, including in relation to Mexico, a position which prevented the conclusion of a new agreement to reduce oil production, said the head of the Russian direct investment Fund (RDIF) Kirill Dmitriev.

“Russia has played a key role in the conclusion of this transaction. Personally the President of Russia had a lot of telephone conversations, and in fact, over the last week, there were more telephone conversations with the United States and other countries than all of last year,” said Dmitriev in the air “First channel”.

“the outcome of a transaction is the stabilization of markets, and also increased the role of Russia, which actually was the leader in this transaction, which brought together more than 22 countries that are members of OPEC+. Russia has helped to achieve the very necessary compromises, including in relations with Mexico and other countries, which prevented the completion of this transaction,” he concluded.

OPEC agree on 12 April on the reduction of oil production to 9.7 million barrels per day in may-June, 7.7 million in the second half of the year and 5.8 million next until the end of April 2022. Base count taken October 2018, but for Russia and Saudi Arabia taken 11 million barrels per day, from which by analogy with all is a decrease of 23%, 18% and 14% respectively. On individual terms insisted and Mexico: it reduces production of only 100 thousand barrels per day in may and June, the other 300 thousand for it please contract US.