Tuesday, October 11, 2016

Kremlin spokesman: Rosneft CEO’s words on oil production freeze refusal quoted out of context.


Kremlin spokesman: Rosneft CEO’s words on oil production freeze refusal quoted out of context. (Tass).

Russia supports oil production freeze or contraction and words of Rosneft Chief Executive Officer Igor Sechin to the contrary may be quoted out of context, press secretary of Russian President Dmitry Peskov said on Tuesday.

Lukoil expects growth of oil production in Russia in 2017 — vice-president Novak says Russia is not considering oil production cut, only oil freeze on agenda Russia works on final version of oil production stabilization — minister Gazprom supports oil production freeze, not contraction

"Sechin’s words were given without an appropriate context in this case because his answer was lengthier and with greater details," Peskov said. "We do not see any contradictions [with position of the Russian President]," he added.

"Indeed, the official position was presented by President Vladimir Putin [in Istanbul] that it is desirable to freeze [oil production] volumes or contract them," Peskov said. Read the full story here.

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