MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Thursday a global oil output cut deal has helped balance the oil market worldwide and boosted Russia's foreign currency income.
Speaking to President Vladimir Putin, Novak also said Russia's oil-refining industry was hit by changes to taxation and lower investment.
Now, Novak told Putin, the energy ministry was working on measures that would support the oil-refining industry at home.
(Reporting by Vladimir Soldatkin; Writing by Andrey Ostroukh; Editing by Vladimir Soldatkin)
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