Gazprom Neft reduces oil settlements in dollars from 93% in 2017 to 88% in 2018, further reduction ongoing

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Gazprom Neft reduces oil settlements in dollars from 93% in 2017 to 88% in 2018, further reduction ongoing

ABU DHABI. Nov 12 (Interfax) - Gazprom Neft has reduced oil settlements in dollars from 93% in 2017 to 88% in 2018, the company's first deputy CEO Vadim Yakovlev told reporters.

Dollar settlements "amounted to 88% in 2018 and were 93% in 2017," Yakovlev said.

"The dynamics are, the share of settlements in currencies other than the dollar was a little higher," he said, adding that their share would increase.