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Russia Not to Lose Its Market Share Over Oil Production Freeze

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Russia will not lose its share on the oil market, Russian Deputy Prime Minister Arkady Dvorkovich said Friday. 19.02.2016, Sputnik International

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Russia Not to Lose Its Market Share Over Oil Production Freeze

12:37 GMT 19.02.2016 (Updated: 13:23 GMT 19.02.2016)

A worker checks a valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016 - Sputnik International

Russia will not lose its share on the oil market, Russian Deputy Prime Minister Arkady Dvorkovich said Friday.

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18 February 2016, 15:56 GMT

MOSCOW (Sputnik) — Russia will not lose its share on the oil market if an agreement on freezing production is reached, Russian Deputy Prime Minister Arkady Dvorkovich said Friday.

"No, it will not," Dvorkovich told RIA Novosti, answering a question on whether such a deal could affect Russia's market share.

He added that Russian companies are ready to freeze production at January levels. "Companies are not against it, because they initially had such plans."