RUSSNEFT SEES NO PROBLEM WITH FURTHER OIL PRODUCTION CUT

18.05.2017 INTERFAX

Moscow. RussNeft is willing to cut down oil output in case of extension of the agreement between OPEC and non-OPEC countries, the company`s owner Mikhail Gutseriev said to journalists.

“No problem. We would keep freezing it further”, he said in response to the question what is the Company`s stance on the possible extension of the production cut agreement until March, 2018.

RussNeft reportedly fulfilled its obligations under the production cut agreement between the OPEC and non-OPEC countries by mid-April, having reduced the production by 560 tonnes per day to 19.08 thousand tonnes, since January.

RussNeft has provided an update on its forest restoration efforts in Siberia.

The company announced that it will expand its reforestation activities by an additional 171 hectares in 2026. Since 2017, RussNeft has planted over 3,272,000 saplings across 875 hectares. Furthermore, the company has carried out silvicultural maintenance—including care for both previously planted and newly planted trees—covering an area of 264 hectares.

RussNeft Announces Support for Regional Social Development

PJSC “RussNeft” continues to assist educational institutions serving children with disabilities.

RussMeft Supports Sports Tournaments in the Regions

PJSC “RussNeft” continues to support regional sports initiatives. In the Khanty-Mansi Autonomous Okrug – Yugra, the Company supported the Open Boxing Championship for the Nizhnevartovsky District Head’s Cup.

RUSSNEFT SEES NO PROBLEM WITH FURTHER OIL PRODUCTION CUT

More news

RussNeft has provided an update on its forest restoration efforts in Siberia.

RussNeft Announces Support for Regional Social Development

RussMeft Supports Sports Tournaments in the Regions