Russia in February and March will be able to increase oil production

“Following the meeting, the countries participating in the agreement decided to extend the current level of reduction in oil production for February and March 2021.

At the same time, separate conditions were agreed for Kazakhstan and Russia, providing for a phased increase in production during this period by 10 thousand and 65 thousand barrels per day, respectively, "- the TASS report of the Ministry of Energy of Kazakhstan.

It is noted that obligations for Kazakhstan under OPEC + in February and March will amount to 1.427 million barrels per day and 1.437 million barrels per day, respectively.

Earlier, The Wall Street Journal, citing sources familiar with the negotiations, reported that Russia and Saudi Arabia had reached a compromise on the future of the OPEC + deal.