74372
Gazprom Neft Slams Oil Cuts   Agreement
Gazprom Neft Slams Oil Cuts   Agreement

Gazprom Neft Slams Oil Cuts Agreement

Gazprom Neft Slams Oil Cuts Agreement

Russian energy firm Gazprom Neft is chafing at a global deal to cut oil output because the pact has forced the company to curtail its ambitious plans for production growth, deputy chief executive, Vadim Yakovlev, said in an interview. “We are working today in conditions of uncertainty over the extension of the OPEC and non-OPEC deal,” Yakovlev told Reuters in an interview cleared for publication on Monday. Yakovlev said the company, Russia’s fastest-growing oil producer by output, views the deal as a short-term one. He also said Gazprom Neft’s Middle East operations are of strategic importance and plans are in place to increase its presence there. “The companies involved in this deal are paying a different price. The effect is equal for everyone, but the contribution of the companies to the deal is different,” he said. OPEC and other leading oil producers, including Russia, agreed to reduce their combined output by around 1.8 million barrels per day until the end of March 2018.

 

Short URL : https://goo.gl/fH8g44
  1. https://goo.gl/xXDCcG
  • https://goo.gl/X2QFA8
  • https://goo.gl/3izDgj
  • https://goo.gl/wjS7pC
  • https://goo.gl/xjby6x

You can also read ...

Sweden Approves Nord Stream 2 Pipeline
While Denmark is yet to give permission for the Nord Stream 2...
Chinese Tariffs Will Crimp American Shale Production
China’s proposed tariffs on US petroleum imports, part of a...
India Sees $55-60 Oil Price Reasonable
India, the world’s third-largest oil consumer, expects a...
NIOC Plans to Increase Oilfield Capacity
National Iranian Oil Company plans to increase the production...
OPEC reached an agreement with Russia in 2016 to keep 1.8 million bpd off the market.
Oil Minister Bijan Namdar Zanganeh rejected leaving the 2016...
Sixfold Rise in Zanjan Petrochem Plant Capital
Zanjan Petrochemical Complex’s registered capital has...
Renewable Power Plants' Dues Settled in Full
The state-run Renewable Energy Organization of Iran, aka SUNA...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus