MOSCOW, March 15 (Xinhua) -- Russia will cut its oil
exports and add up domestic consumption amid the global financial crisis and
slipping energy price, a senior energy official said on Sunday.
"We'll be cutting oil exports while increasing
domestic consumption and expanding oil refining," Russian media quoted Deputy
Prime Minister Igor Sechin as saying at a conference of the Organization of
Petroleum Exporting Countries (OPEC) in Vienna.
Russia, which accounts for about 10 percent of world
oil output, will ask the OPEC to coordinate steps with other countries and could
consider joining OPEC in case all the agreements reached are observed, Sechin
said.
The OPEC meeting came amid the global economic
meltdown and the oil price's falling.
Some oil producing countries are pushing for a
further output cut in the meeting to save the market after a 4.2 million barrels
cut last year.
An OPEC's report has predicted that global demand
would fall by1.01 million barrels per day (bdp) in 2009, revising its earlier
forecast of a fall by 580,000 bpd.