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Russia won’t immediately raise oil output after Iran waivers end

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Russia won’t immediately raise oil output after Iran waivers end


Beijing – Russia will not immediately raise oil output after the United States ends sanctions waivers for buyers of Iranian crude in May, President Vladimir Putin said Saturday.

“We have an agreement with OPEC to maintain production at a certain level and this agreement is in force until July,” Putin told reporters on the sidelines of a summit in Beijing.




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