July 10, 2019 / 9:21 AM / 3 months ago

Kremlin says Rosneft's dispute with Transneft not a matter for Putin

FILE PHOTO: The logo of Russia's oil producer Rosneft is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin/File Photo

MOSCOW (Reuters) - The dispute between Rosneft (ROSN.MM) and Transneft (TRNF_p.MM) is not a matter for Russian President Vladimir Putin to intervene in because it is a corporate matter, Kremlin spokesman Dmitry Peskov said on Wednesday.

Russian oil production fell close to a three-year low in early July due to the row between oil pipeline monopoly Transneft and Russia’s biggest oil producer.

Writing by Anton Kolodyazhnyy, editing by Louise Heavens

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