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Russia Not Intending to Sell Oil at Any Price Just for Sake of Volume: Energy Ministry

© Sputnik / Maksim Bogodvid / Go to the mediabankOil rig
Oil rig - Sputnik International, 1920, 01.03.2023
MOSCOW (Sputnik) - Russia does not intend to sell oil at any price just for the sake of volume, this principle is laid down in the reduction of the country's production in March, first deputy Russian Energy Minitser Pavel Sorokin said on Wednesday.
"It is important to understand the principles that are embedded in this reduction. They were very clearly outlined by the president, and Alexander Novak — there is no task to sell oil at any price, just to sell for the sake of volume," Sorokin said on the sidelines of the Valdai Discussion Club in Russia.
Oil pumpjack in the Republic of Tatarstan, Russia - Sputnik International, 1920, 14.02.2023
Russia's Oil Drilling in 2022 Posted Multi-Year Highs Despite Sanctions, Data Shows
In February, Russian Deputy Prime Minister Alexander Novak said that Russia will voluntarily reduce crude oil production by 500,000 barrels per day in March in order to contribute to the restoration of market relations.
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