Russia and Kuwait will follow the execution of decisions on oil

Russia and Kuwait will head the monitoring Committee on the implementation of the decision taken today, 10 December, at the meeting of OPEC countries and countries outside the oil cartel in Vienna. It is reported RIA Novosti with reference to the statement of the Minister of energy of Azerbaijan Natig Aliyev.


“Russia will cut production by 300 thousand barrels per day. For the purpose of control over execution of the decision was deemed appropriate to create a monitoring Committee under the leadership of Russia and Kuwait,” – said the press service of Aliyev.


Also in the Azerbaijani Ministry added that in order to stabilize oil prices in the world the OPEC member countries and countries outside the cartel, there should be periodic meetings.


On Saturday in Vienna hosted a meeting of OPEC oil-producing countries outside the organization. The agreement provides for the reduction of production and countries outside the organization of 600 thousand barrels per day.

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