31 March 2018, Moscow – Russian Energy Minister Alexander Novak said a global oil output cut deal has helped balance the oil market worldwide and boosted Russia’s foreign currency income.
Speaking to President Vladimir Putin , Novak also said Russia’s oil-refining industry was hit by changes to taxation and lower investment.
Now, Novak told Putin, the energy ministry was working on measures that would support the oil-refining industry at home.
- Reuters
