Fares Kilzie - CREON Energy, Chairman of the Board of Directors
On March 1, Vladimir Putin delivered a workshop with the leaders of the eight largest oil companies in Russia, where participants discussed a preliminary agreement between Russia and OPEC. Oil industry representatives determined they had no choice but to freeze the oil production rate at the level of January 2016. They also expressed that they wanted to avoid raising industry taxes, which would make it difficult for them to develop new fields. The president promised to discuss this issue with the government.