Monday, Feb 19 2018 | Time 15:15 Hrs(IST)
image image
  • CBI raids Rotomac's owners over default of Rs 800 cr bank loan
  • Kamal meets Vijayakanth
  • Former chief Trustee of Sai Baba Sansthan leaves for heavenly abode
  • ED continues raids in connection with PNB scam
  • Three held with 21 pistols in Delhi by special cell
  • Rotomac scam: CBI raids three places, FIR filed
  • PNB's Brady House branch sealed
  • Bournemouth players driven by international aspirations - Howe
  • Alpine skiing-Frenchman Faivre kicked out of Games for lack of team spirit
  • PM's silence shows where his loyalties lie: Rahul
  • Narendra Modi to address national conference on doubling farmers’ income by 2022
  • Nepal: Cabinet discusses PM’s core team
  • UML-Maoist merger talks back from brink
  • Democracy Day celebrated in Nepal
  • Iran continues search for missing plane, no wreckage found yet
World Share

Trump’s possible 'decertification' of Iran n-deal will not jeopardise OPEC plus agreement: Russia

Trump’s possible 'decertification' of Iran n-deal will not jeopardise OPEC plus agreement: Russia

Moscow, Oct 7 (UNI) Russian Energy Minister Alexander Novak said possible 'decertification' of the Iran nuclear deal by the US President Donald Trump does not endanger the agreement between OPEC and non-OPEC countries on reducing oil production to balance the market. "I can air only my personal opinion. In my view, this is unlikely to lead to the agreement's disruption. We have as an example the situation concerning Qatar in the Middle East. It is a signatory of the deal (OPEC plus), and it is continuing to adhere to its obligations on reducing production, and we keep meeting," Mr Novak said in an interview with the Business FM radio station. "The Qatari Minister was here, at Russian Energy Week. We had a ministerial meeting of the Gas Exporting Countries Forum. Among other things, we discussed issues concerning oil and cooperation in this sector here. And nothing has changed here in this respect, and therefore I hope we will finalize the deal. The market will be balanced, and, in principle, we should switch to a normal market-based track," he said. If the deal with Iran is severed and "some tough measures are introduced, such as those that had been in place before the sanctions were lifted from Iran, this would affect the markets very much, as was the case in previous years," the Energy Minister emphasised. "Everything will depend on what decisions could be made. If it's sanctions concerning oil and restrictions on oil trade with Iran, that's one situation. If it's some other sanctions or if there are no sanctions at all, it's a different one," Mr Novak said when asked how the market could react to the Iran nuclear deal's possible decertification by Trump. "Iran is one of the countries producing a very large amount of oil and supplying it to global markets. They produce 3.8 million barrels a day now. We remember that, when the sanctions were imposed, production volume declined significantly. Iran then produced less than 3 million barrels, and therefore these volumes are surely considerable for the market," the Minister added. UNI XC SDR AE 1626

More News

US, China scuffled over nuclear 'football' during Trump visit

19 Feb 2018 | 2:35 PM

Washington, Feb 19 (UNI) Things got physical between US and Chinese officials over the nuclear "football" during President Donald Trump's visit to Beijing last year, Axios has reported.

 Sharesee more..

Nepal: Constitution not equal for women

19 Feb 2018 | 2:28 PM

Kathmandu, Feb 19 (UNI) Nepal finally framed a new constitution through a Constituent Assembly after four years of debate and discussion on the constitutional issues; however, for all the toils, it could not do justice to women.

 Sharesee more..
Autism: Scientists take 'first steps' towards biological test

Autism: Scientists take 'first steps' towards biological test

19 Feb 2018 | 2:25 PM

London, Feb 19 (UNI) Scientists have taken the first steps towards what they say could become a new blood and urine test for autism, a BBC News report said on Monday.

 Sharesee more..

Nepal: Cabinet discusses PM’s core team

19 Feb 2018 | 2:16 PM

Kathmandu, Feb 19 (UNI) The KP Oli Government in Nepal plans to have a strong Prime Minister’s Office, with key pointpersons at the PMO coordinating the line ministries and working as the primary channel of communication between the Prime Minister and the ministries, according to sources close to the PM, a report in The Kathmandu Post said.

 Sharesee more..

UML-Maoist merger talks back from brink

19 Feb 2018 | 2:10 PM

Kathmandu, Feb 19 (UNI) After Prime Minister KP Sharma Oli agreed to put both the People’s Multi-party Democracy (PMPD) and Maoism up for discussion until the unity convention decides the new party’s political ideology, the roadblocks seen in the unification process are likely to be removed, A report in The Kathmandu Post said.

 Sharesee more..