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Cooperation with OPEC+ Makes Possible to Maintain Oil Prices: Putin

OIL

Cooperation within the OPEC+ framework help Russia to maintain oil price and secure budget revenue, President Putin said.

  • "The OPEC+ indeed helps us to maintain oil prices, provide for budget revenues," Putin said.
  • "Since oil production declines and it grows in other countries like the US, then Russia may lose markets," he added.
  • First Deputy Energy Minister Pavel Sorokin said oil demand will not reach its peak during the next10-15 years.

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