MOSCOW (Sputnik) – Gazprom Neft will reduce hydrocarbons production by no more than 5 percent in 2020 as part of the OPEC+ deal, the company’s Deputy CEO for Upstream Vadim Yakovlev told reporters.
The top manager refrained from forecasting production of liquid hydrocarbons in 2020, as the market situation remains volatile.
Gazprom Neft will also cut oil refining within the range of 5 percent in 2020, the company’s CEO Alexander Dyukov told reporters.
Gazprom Neft plans to revise the timeframe of offshore projects at an early stage of development in connection with the current market situation, Dyukov also said.
Sourse: sputniknews.com
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