Alexey Belogoryev, Deputy Principal Director on Energy Studies commented to VTimes on implementation of the OPEC+ oil production cut agreement by Russian companies.
Both the OPEC + deal and the agreements of the Russian government with oil companies are conceptual in nature, it is not clear why it needs to be formalized, says Aleksey Belogoryev, Deputy Director on Energy at the Institute for Energy and Finance. According to him, everything works anyway: the Russia’s oil industry is organized as a developed oligopoly with a strong state presence and private business always listens to the government's opinion.
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