This was reported by RBC with reference to the trading data. As noted, as of 10:05, shares fell 4.85% to 31.5 rials, which is 4.85% lower than the IPO price.
Earlier, OPEC decided to adjust the recommendation under the OPEC + agreement, proposing to further reduce oil production by 1.5 million barrels per day until the end of 2020, and not only in the second quarter.
At the March 6 meeting, the OPEC + countries were unable to agree on either an additional reduction or extension of the transaction under current conditions.
According to Russian Minister of Energy Alexander Novak, the increase in oil production by Russia since April, when the restrictions on the OPEC + deal end, will depend on the plans of the companies.
According to Bloomberg, Saudi Arabia plans to increase oil production in April to 10 million barrels per day in order to force Russia and other countries to resume negotiations with OPEC member countries.