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Business / Qatar Business

Russia’s Novak says Qatar remains committed to global oil deal

Published: 10 Jul 2017 - 09:26 pm | Last Updated: 05 Nov 2021 - 01:19 am
Russia's Energy Minister Alexander Novak attends the 22nd World Petroleum Congress, the largest meeting of oil and gas industry at Istanbul Convention Center in Istanbul, Turkey on July 10, 2017. ( ?slam Yakut - Anadolu Agency )

Russia's Energy Minister Alexander Novak attends the 22nd World Petroleum Congress, the largest meeting of oil and gas industry at Istanbul Convention Center in Istanbul, Turkey on July 10, 2017. ( ?slam Yakut - Anadolu Agency )

Reuters

ISTANBUL: Russian Energy Minister Alexander Novak said on Monday Qatar’s energy minister, Mohammed al-Sada, told him during a meeting on Monday that Qatar would fulfil its commitments as part of the global oil output cut deal between OPEC and non-OPEC members.

Speaking on the sidelines of an international energy forum in Istanbul, Novak also said that, as of June, OPEC and non-OPEC members have already reduced their oil production by around 1.75 million barrels per day as part of the deal. 

(Reporting by Olesya Astakhova; writing by Polina Devitt, editing by David Evans)