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Lukoil expects compensations in connection with oil production limiting decision

December 02, 2016, 14:30 UTC+3
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MOSCOW, December 2. /TASS/. Lukoil expects the government will pay compensation to oil producing majors in connection with the production cut, Vice President of the company Leonid Fedun said on Friday on the air with Rossiya 24 TV Channel.

"We nevertheless expect there must be a special regulating document, a government decree setting tasks for each oil producer. Some compensation measures may be offered. Since oil production freeze requires certain costs, we dare to expect that some compensations for the company will be in this sphere," Fedun said.

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