Russia won't increase oil production to prevent further price increases due to the crisis in Libya, German magazine WirtschaftsWoche reports in a prerelease Friday, citing Russian Energy Minister Sergei Shmatko.
Russia won't increase oil production to prevent further price increases
due to the crisis in Libya, German magazine WirtschaftsWoche reports in a
prerelease Friday, citing Russian Energy Minister Sergei Shmatko.
"The fact that prices are rising is due to concerns over possible
shortages. But this is only a short-term impression," the report quotes
Shmatko as saying.
, adding that there is a need to remain calm.
Shmatko doesn't expect
Libya
to
halt oil supplies, the report says.
Instead of short-term crisis assistance,
Russia
could
offer long-term contracts for the supply of oil, the report cites him as
saying.
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