The Kremlin does not see Igor Sechin, CEO of oil major Rosneft, contradicting position of President Vladimir Putin regarding Russia’s readiness to curtail oil output, spokesman for Putin Dmitry Peskov reported.
Sechin said that Rosneft would not cut or freeze production despite Putin’s comments and OPEC’s agreement to limit daily oil output at 32.5-33 million barrels.
“No, you know, in fact, Sechin’s words were given out of context in this case. Since his answer was much longer and more detailed. We see no contradiction here”, Peskov said, adding that Russia’s official position meant readiness to cap production. (Prime/Business World Magazine)