Deal with OPEC + called humiliating for Russia

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The billionaire, vice president of PJSC LUKOIL, the main shareholder and former chairman of the board of directors of this company, Leonid Fedun, believes that the new OPEC + transaction has become for Russia an analogue of the Brest Peace for the Bolsheviks. It is an agreement between Russia and Saudi Arabia on the reduction of oil production in May-June 2020 by 2,5 million barrels per day by each country.

Humiliating and heavy

- Leonid Fedun called this agreement, in an interview with the agency RBC.



According to Fedun, oil production would have fallen anyway, and in much larger volumes. Most of the world's oil storages in 40-45 days would be full.

Fedun argues that Russian oil companies simply would not have the opportunity to ship oil, "except for their own refineries." At the same time, consumption in Russia, according to him, is “extremely low, so they could close up to 50% of production”.

At the same time, Fedun emphasized that he did not intimidate, but really assesses the situation. Russian companies would have to close the wells at a world oil price of $ 10-15 per barrel. Because of what they would have suffered huge losses. Therefore, the new OPEC + agreement is, although difficult, but the best option available.

Fedun also described the new OPEC + agreement as a compromise, i.e. it has both positive and negative points. He cited 1918 as an example, when the Bolsheviks were forced to make a deal with Germany.

We remind you that on April 10, 2020, 23 OPEC + countries agreed on oil. The agreement will be valid until April 2022.
19 comments
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  1. Monster_Fat
    Monster_Fat
    0
    April 12 2020 14: 02
    What, did I say before when Novak slammed the door at the OPEC + conference? He said that Russia didn’t just “shoot itself in the foot with this trick, it didn’t just“ bomb Voronezh, ”but that it shocked Moscow and all of Russia. And for this stupid step, the“ effective ”managers of the Putin spill will have to pay (of course, not them - from they will all be in chocolate, in any case), and it is precisely every Russian who will have to pay - and they already pay - with a tax on interest on deposits, and rising prices in stores, and a fall, or even a complete absence of wages and unemployment, and delayed payments on loans and mortgages, which will have to pay anyway, and some banks are insolently demanding to add interest for extending the terms of loan or mortgage payments. But this is nonsense. The main thing for Russians is not to get upset - these are temporary difficulties, you need to rally around the "team president ", he and his friends have many more CPs that will" bring down the dollar "," destroy the United States ", will lead Russia to the leaders of the world economy with 25 million highly paid, high-tech workplaces, with the "world level" of science and education .... the main thing is to believe, believe and pray for the portrait of the "sun-faced", which every correct, hard-hearted Russian must have (not to be confused with a bulkhead, liberalist, agent of the State Department and etc.) in the "red" corner, each "micro-studio" in the "man-swell" of the sleeping area somewhere "beyond the bypass", and you should definitely go to churches and listen to the sermons of Gundyaev's grasping sermons. And then Russia will win everyone! It will rise, like a Phoenix, for the umpteenth time, and all enemies will prostrate themselves before her power and bright face! Yes it will be so, but only with Putin and his team! The main thing is to be patient .... Yes
    1. Cheburashk
      Cheburashk
      0
      April 12 2020 14: 13
      Here you are, so smart, good. What are your plans and actions and, most importantly, what resources and so on, well, at least for five years!
      And just in case: I can’t support Putin in every way and express my opinion.
    2. Nick
      Nick
      0
      April 12 2020 14: 20
      Quote: Monster_Fat
      What, did I say before when Novak slammed the door at the OPEC + conference? He said that Russia didn’t just “shoot itself in the foot with this trick, it didn’t just“ bomb Voronezh ”, but it shocked Moscow and all of Russia.

      Verbal diarrhea. Zero Arguments.
    3. 123
      123
      -2
      April 12 2020 14: 33
      Monster_Fat
      Long verbal flow (I would say a little differently smile ) without any argument. Go about your business, rally around your president, he’s just selling his land at that moment, thinning out for his Filaret and the rest, how many churches are there, by the way? 5? 6? Your nagging here is of little interest to anyone. No. Learn to fight envy, it is known to be a sin. Yes
    4. shadow
      shadow
      -1
      April 12 2020 18: 17
      Actually, it’s not Novak who broke the deal, but the Saudis. It was they who came out of the agreement and said that they would lower prices to $ 25 per 1 barrel and increase production to 12 million barrels per day. What, incidentally, Putin said.
      1. ss29
        ss29
        +1
        April 13 2020 02: 09
        At first, the Saudis suggested we reduce by 1.5 million, we refused. On April 1, the agreement ended; on April 9, they crawled with a white flag. Now, on the news, they are launching a misinformation about the Saudis.
  2. Nick
    Nick
    0
    April 12 2020 14: 17
    The title of the article does not match the content. No one considers a humiliating deal.
    1. Blondy
      Blondy
      +2
      April 12 2020 15: 03
      I already mentioned somewhere that the main thing here is not absolute numbers (only 10 - 15 million barrels), but the proportionality of the reduction. And if Russia is reducing not 0,5, but 2 million, then the Saudis are already 4 (I do not agree with the reduction share only in Mexico). I don’t think that Fedulov does not understand - he just juggles, but here they don’t play cards either.
      1. ss29
        ss29
        0
        April 13 2020 02: 10
        The difference in conservation technologies in Siberia and permafrost is much more expensive. Other numbers are important here. USA all bent.
  3. 123
    123
    -1
    April 12 2020 14: 27
    Even the eternally aching Fedun regarded the agreement as a compromise.

    Fedun also described the new OPEC + agreement as a compromise, i.e. it has both positive and negative points.

    But the nasty anonymous people still trumpet the sink.
    1. Nick
      Nick
      -1
      April 12 2020 18: 30
      Quote: 123
      Even the eternally aching Fedun regarded the agreement as a compromise.

      Fedun also described the new OPEC + agreement as a compromise, i.e. it has both positive and negative points.

      But the nasty anonymous people still trumpet the sink.

      Trumpeters work piece by piece. They will not blow - money will not be charged.
      1. 123
        123
        -1
        April 12 2020 18: 58
        Trumpeters work piece by piece. They will not blow - money will not be charged.

        I would not pay for such work. No. Brakodely. Yes
  4. Monster_Fat
    Monster_Fat
    +4
    April 12 2020 16: 57
    Who needs "numbers" and "detailed information" about the deal and its consequences - I refer to a similar topic on "Topwar" there, at the bottom of the article there are a lot of interesting comments, there is also my comment, just with "numbers":

    https://topwar.ru/170114-v-lukojle-soglashenie-opek-nazvali-unizitelnoj-no-neobhodimoj-sdelkoj.html

    And by the way, Fedun called it (the agreement) not a "compromise", but:

    I would give an example of the Brest Peace when the Bolsheviks in 1918 were forced, for various reasons, to make a deal with Germany, which was humiliating and difficult.

    That is, he called the deal - "humiliating and difficult" ....
    1. 123
      123
      -4
      April 12 2020 19: 04
      Who needs "numbers" and "detailed information" about a deal and its consequences - I refer to a similar topic on "Topwar". There are a lot of interesting comments at the bottom of the article, there is also my comment, just with "numbers":

      What's the point? Do you advertise "Topwar"? I like it, so go there to discuss. As for the ever-whining Fedun, there is always someone dissatisfied. Perhaps this is how events look from its "bell tower". Lukoil is not the entire oil industry, decisions were made at a different level, not so important as it was comfortable for a particular Fedun.
    2. Andrei GM
      Andrei GM
      0
      April 12 2020 19: 04
      "Oil production in the United States may fall by 2 million bpd by the end of the year," - reports the agency Bloomberg the words of the head of the US Department of Energy Dan Bruyett. He added that according to a number of models, the reduction in US production could reach 3 million b / d. According to him, it is necessary to stop the decline in oil prices to stabilize the market.
    3. Nick
      Nick
      -2
      April 12 2020 19: 09
      Quote: Monster_Fat
      And by the way, Fedun called it (the agreement) not a "compromise", but:

      And who is Fedun? The ultimate truth? For me, he is an overgrown oligarch, afraid for his cheaper Lukoil stocks and dividends. Therefore, he is spiteful. What side are you talking to him? Relative? Or in the service?
    4. Marzhecki
      Marzhecki
      +2
      April 13 2020 06: 56
      It’s useless for some people to prove something even with numbers and a deal already signed. I wrote about the fact that we will merge a few weeks ago, for which the local cheers patriotized me. In the end, everything turned out exactly as I wrote, but these characters are all on the drum, in their creation, the HPP outplayed everyone again.
  5. Sergey Latyshev
    Sergey Latyshev
    -1
    April 12 2020 23: 33
    Lukoil, they wrote, has long been under foreign control. So do not care.

    Much worse than what was reported, Moscow specifically decided to raise domestic gas prices.
    Allegedly save the oil industry. They will not produce cheap, they will not import it.
  6. bonifacius
    bonifacius
    0
    April 13 2020 02: 01
    Well, if the current oil deal is the Brest Peace Treaty, then Sechin is Trotsky.