As reported by the TASS agency, which got acquainted with the document, the meeting of the committee began with this communiqué.
It is noted that the oil market is currently in a balanced state, but after the first quarter of 2022 it will begin to go into a surplus state, and oil reserves will grow.
The document contains a recommendation to extend the oil overproduction compensation plan until June 2022.
The communique also notes that in November the OPEC + countries fulfilled an agreement to cut oil production by 117% of the plan.
Earlier, Deputy Director General of the Institute of National Energy Alexander Frolov, in an interview with oilcapital.ru, spoke about the results of the year in the Russian oil and gas industry.