The text of the article was published on the website of the Russian Ministry of Energy.
“At the moment, despite the beginning of the second wave of the pandemic in a number of countries, my colleagues and I continue to look at the situation with optimism and expect that we will be able to gradually increase production, according to the terms of the deal, without prejudice to the market,” Novak said.
The minister explained that "in addition to the agreement, interaction with OPEC countries is developing under the Charter for Cooperation of Oil-producing Countries, which was unanimously approved and signed in July 2019."
He noted that this is "a strategic document that has no time limits, that is, it is unlimited," he said, the charter "is aimed at developing dialogue, technological cooperation, and mutual support of the energy policy of oil-producing countries."
“And this is a very important, landmark agreement, as oil will remain the leading source of energy for more than a decade,” Novak said.
Earlier, the Minister of Energy of Russia, at a meeting with colleagues from the G20, gave a forecast for the restoration of the energy industry in the world.
Stanislav Mitrakhovich, a leading expert of the Fund for National Energy Security and the Financial University under the Government of Russia, in an interview with FBA "Economics Today" assessed the situation on the oil market.