OPEC says Russia may have to curb oil production in future
MOSCOW – Russia may have to slow down oil production in the future, OPEC Secretary General Abdallah Salem El-Badri said on Tuesday.
El-Badri said that so far Russian oil production did not affect OPEC's operations and its quota plans.
"But if this level of production is going to continue, Russia may have to slow down a bit," he said.
Earlier on Tuesday, Russia's Energy Minister Sergei Shmatko forecast an increase in Russia's oil production to over 500 million tons in 2010 from 494 million tons in 2009.
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