JANUARY 17, 2020
MOSCOW (Reuters) – Gazprom Neft, Russia’s third largest oil producer, believes Moscow’s cooperation with OPEC on output will continue into the long term, Deputy Chief Executive Vadim Yakovlev told reporters on Friday.
He praised the decision by OPEC and non-OPEC nations, a group known as OPEC+, to exclude Russian gas condensate from Moscow’s quotas under their latest agreement to curb output, a move that allows Gazprom Neft to expand its condensate production.