The members of OPEC decided to reduce oil output by 2 million barrels a day, said Minister of Petroleum Ali Naimi of Saudi Arabia. The current decline in production – the largest in history.Russia, Mexico, Norway and other major oil exporters outside of OPEC, may also reduce oil production to halt falling prices. Vice-Premier Russian government Igor Sechin said that Moscow was ready to support the decision of OPEC to lower oil production, the reduction of Russian oil exports could amount to 300-320 thousand barrels a day. About willingness to reduce the production said, and in Azerbaijan. According to the Minister of Industry and Energy, the country Natika Aliyev, the reduction could amount to 300 thousand barrels per day. In the event that OPEC plans will be implemented with the support of Russia and Azerbaijan, the cumulative decline in oil production by 2.6 million barrels per day of 3% of the total oil produced in the world. Mexico has already stated that it did not intend to reduce oil production because it has the figure and so is reduced. Representatives of member countries of OPEC will hold an extraordinary meeting until March 2009, and the next regular meeting is scheduled for March 15 in Vienna. Iranian Minister of Petroleum Golamhusseyn Nozari and his colleague from Nigeria Odein Adzhumogobia offered to reduce the quota by more than 2 million b / s.Na share of State of the cartel account for more than 40% of global oil supplies. In OPEC are Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE and Venezuela. Indonesia withdrew the organization from 1 January 2009.
