Russian top diplomat believes US-led coalition should take steps to liberate MosulRussian Politics & Diplomacy March 27, 13:46
Kremlin airs its views on 'mass protests' in RussiaRussian Politics & Diplomacy March 27, 13:41
Lavrov says West expresses double-standard reaction to protests across RussiaRussian Politics & Diplomacy March 27, 13:40
Rouhani says Iran's energy sector offers huge potential for Russian investmentBusiness & Economy March 27, 13:26
Press review: More US sanctions against Russia and Moscow ready for deeper oil output cutsPress Review March 27, 13:00
Le Pen says France’s National Front receives no funding from RussiaWorld March 27, 12:30
Lavrov urges Europe to work harder towards implementing Minsk dealRussian Politics & Diplomacy March 27, 12:07
About 700 artillery troops engaged in Crimean coastal defense drillsMilitary & Defense March 27, 12:06
Italian top diplomat urges to restore dialog between Russian and EUWorld March 27, 12:01
HOUSTON, March 8. /TASS/. The Gazprom Neft company is curbing oil production at old fields on account of unprofitable wells, the company’s First Deputy CEO Vadim Yakovlev told TASS.
"We are reducing on account of old wells, the old marginal wells," he said, confirming that a sharp decline in the company’s production this January was caused by provisional output cuts at the Prirazlomnaya field.
"We faced a temporary situation in January. It was freezing and there were very strong winds that had a large impact on crude oil shipments from the port, from Prirazlomnaya," he added.
Earlier, Gazprom Neft CEO Alexander Dyukov said that in 2017 the company would increase oil production by 4.5% or 5% and hydrocarbons - by 4% or 4.5%.
In December, OPEC and non-OPEC countries signed an agreement on oil output cuts at a meeting in Vienna. Also, 11 countries will join the announced cut by OPEC members of 1.164 mln barrels per day in the first half of next year, and reduce production by another 558,000 barrels per day. Thus, the total crude oil production cut will amount to 1.7-1.8 mln barrels per day. Russia plans to cut its oil production by 300,000 barrels per day in the first half of next year.