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Opec wants Russia to slow down oil production

Opec wants Russia to slow down oil production

Write: Reading [2011-05-20]
Organization of Petroleum Exporting countries (OPEC) urged Russia to slow down oil production in the future.

OPEC Secretary General Abdallah Salem El-Badri said Russia s over production is likely to affect OPEC s operations in near future.

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So far Russian oil production did not affect OPEC's operations and its quota plans.

Earlier Russia s Energy Minister Sergei Shmatko forecast an increase in Russia's oil production to over 500 million tons in 2010 from 494 million tons in 2009.