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US has not achieved its energy policy goals, reduced oil production — Rosneft CEO

The St. Petersburg International Economic Forum is taking place on June 18-21

ST. PETERSBURG, June 21. /TASS/. The United States had planned to increase oil production but is now being forced to scale it back due to tariff wars, Rosneft CEO Igor Sechin said at the St. Petersburg International Economic Forum (SPIEF).

"The energy policy initially announced by the new US administration was highly ambitious. However, most of the stated objectives have yet to be achieved," Sechin noted.

About the forum

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." Thematic zones such as the ‘Territory of Innovations’ and the national brand space ‘Buy Russian!’ will operate at the Forum.

The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. As part of the cultural program, the Petersburg Seasons festival will be held, and the SPIEF Sports Games will take place.

The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

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