Russian companies will not agree to a reduction in oil production, despite the falling prices for it on the world market, the Minister of Energy Alexander Novak said.
He does not exclude the possibility that if the period of low commodity prices is going to be extended, they may reduce investments and postpone the implementation of some new projects. "If there are low prices, of course, the companies will reduce their investment programs. As for the current drilling, all the companies confirm that this will not be implemented in the existing fields.
