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Throughout 2016, Russia has been pumping oil at record levels. The agreement with OPEC to reverse this by cutting 300,000 b/d will have implications for both the country’s budget and its oil companies. It will also test the appetite to cooperate among OPEC, Russia and other non-OPEC countries, like Kazakhstan and Azerbaijan, as important details are yet to be clarified.
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Russia set for US$9 billion windfall from OPEC agreement PDF - 293.02 KB 3 Pages, 0 Tables, 2 Figures
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Insight | Dec 2016
Russia set for US$9 billion windfall from OPEC agreement
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