2023-07-17 08:20:00
© Archyde.com. An oil rig in Russia with a photo from Archyde.com archive.
(Archyde.com) – Russia’s Kommersant newspaper reported on Monday that Russia is on its way to implementing a plan to cut oil exports in August by 500,000 barrels per day.
The newspaper said that Russian oil exports by sea may drop to between 2.9 and three million barrels per day in August, mainly due to a reduction in exports through Russian ports in the Baltic Sea.
Kommersant quoted two sources as saying that the reductions came as a result of adjusting the export schedule for the third quarter of state-owned pipeline operator Transneft (TADAWUL:).
Russia announced the cuts plan earlier this month as part of global efforts to support in coordination with .
(Prepared by Amira Zahran for the Arabic Bulletin – Edited by Mahmoud Salama)
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