Gazprom Neft to reduce oil production slightly in 2018 if OPEC+ maintained; hydrocarbon output to rise to 92 mln tonnes - Dyukov
ST. PETERSBURG. May 25 (Interfax) - Gazprom Neft will reduce oil production slightly in 2018 if the OPEC+ oil production cut agreement remains in force, but hydrocarbon production will increase to 92 million tonnes of oil equivalent, CEO Alexander Dyukov said at a press conference during St. Petersburg International Economic Forum (SPIEF).
"If Russia remains in the OPEC+ deal, the oil production volume will decline slightly. But as for hydrocarbons, production will increase, to 92 million tonnes of oil equivalent," Dyukov said. Gazprom Neft produced 89.75 million tonnes of oil equivalent in 2017.