It's all about the Americans: Rosneft explained the refusal to deal with OPEC +


The Russian oil company has given an exhaustive explanation for Russia's refusal to participate in a deal with OPEC + to reduce oil production.


According to RBC’s press secretary of Rosneft Mikhail Leontyev, the deal with OPEC + led to the loss of Russia’s own markets in favor of American shale oil.

The publication of RBC quotes the representative of Rosneft:

From the point of view of Russia's interests, this deal is simply meaningless. By yielding our own markets, we remove cheap Arab and Russian oil from them in order to clear a place for expensive shale American. And to ensure the effectiveness of its production.

At the same time, Leontiev notes that the partners in organizing the oil exporting countries have prepared for our country far from a partnership proposal:

Partnership agreement always implies a compromise. And finally, we must monetize our resource base. We have an excellent resource base. Unlike some colleagues who do not have it, there is nothing to monetize. And who cover up an uncontrolled decline in production with a fig leaf of the OPEC + agreement.

It should be noted that in a situation where the United States is conducting an uncompromising struggle against Nord Stream-2, Russia's decision, which ultimately makes unprofitable production of American shale oil, is absolutely adequate.
Photos used: https://pixabay.com/
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  1. gorenina91 Offline
    gorenina91 (Irina) 8 March 2020 14: 39
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    From the point of view of Russia's interests, this deal is simply meaningless. By yielding our own markets, we remove cheap Arab and Russian oil from them in order to clear a place for expensive shale American. And to ensure the effectiveness of its production.

    - So why then did Rosneft earlier “not come out” of this deal ??? - Then it was necessary to do it yesterday ... - And today all this is unlikely to save the "Nord Stream-2" ... - We realized a bit late ...
  2. The comment was deleted.