OPERATIONS

Russia to boost oil production

WHILE the world waits with baited breath about whether the Russians will agree with OPEC to help manage oil prices the energy giants of the former Soviet Union are planning to ramp up oil production that can remain viable in a $US40 per barrel world.

Haydn Black

Russia's Energy Minister Alexander Novak was quoted by Russian news agencies as saying yesterday that reaching an agreement to stabilise global oil prices, including a possible deal to freeze output, was...

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