December 27, 2018 / 2:22 PM / in 3 months

Russia's Gazprom Neft says its plans are resistant to low oil prices

An interior view shows a building of Gazprom Neftekhim Salavat company in Salavat in the Republic of Bashkortostan, Russia August 23, 2018. Picture taken August 23, 2018. REUTERS/Maxim Nazarov

MOSCOW (Reuters) - Russian oil producer Gazprom Neft’s (SIBN.MM) strategic plans are sustainable even at low oil prices, the company’s chief executive officer Alexander Dyukov said on Thursday.

In an interview with Rossiya-24 TV, Dyukov also said that Gazprom Neft’s has used an oil price of $50 per barrel in its plans for 2019 and company’s new strategy sees production rising faster than the market average.

Reporting by Ekaterina Golubkova; Writing by Polina Nikolskaya; Editing by Toby Chopra

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