Russia to reduce oil production

SHAFAQNA (Shia International News Association) – Alexander Novak, Russian Energy Minister declared that despite financial difficulties his country is looking to reduce oil production. Sputnik wrote that according to Russian Energy Ministry, in some oil fields production will be decreased. The Russian minister said: Now that some of our partners are leaving reluctantly due to western sanctions, we need to solve two problems at the same time; one is to find new partners and the other to bring in new technology. He also mentioned about the Indian and Chinese companies to take part in oil projects in Russia.

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