Kremlin says concrete no plans to coordinate oil output with OPEC January 28, 2016 - 15:02 AMT PanARMENIAN.Net - The Kremlin said there are no concrete plans to cut oil output in coordination with major producers Saudi Arabia and OPEC, the Associated Press reports. Press Secretary Dmitry Peskov told reporters on Thursday, Jan 28, that Russia is "actively discussing the instability of oil markets," with Saudi Arabia and OPEC, but, as of yet, there are no conclusions from the talks. On Wednesday, Transneft head Nikolai Tokarev said talks on output cuts are planned with Saudi Arabia and OPEC, with the Saudis as the main negotiators. The price of oil has recently dipped below $30 a barrel last week, causing the ruble to plunge to record lows. The price ticked up slightly at the beginning of this week— due in part to discussions about coordinating oil output— and is now trading at $32.41 a barrel.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |
