“As for the possibilities to increase in January, indeed, if today we made a decision that together we will increase the volume of production by 500 thousand barrels in January, then Russia's share in this is 125 thousand barrels,” TASS quotes him.

Companies are ready for this, Novak said.

He stressed that the monthly adjustment of oil production from the beginning of 2021 may be upward and downward, but not more than 500 thousand barrels per day.

Following the meeting, the OPEC + countries confirmed the agreements on the declaration, accepting the need to gradually return 2 million barrels to the market, RIA Novosti writes with reference to Novak.

At the same time, the pace of recovery should be regulated according to the results of an analysis of the state of the market, the Deputy Prime Minister stressed.

As it became known earlier, OPEC + participants agreed on a monthly increase in oil production.