September 5, 2018 / 9:59 AM / 7 months ago

Russia's Lukoil VP calls for Russia-OPEC cooperation to continue

FILE PHOTO - Leonid Fedun, vice-president of Russian oil company Lukoil and owner of Spartak Moscow, attends an interview with Reuters at the company's headquarters in Moscow, Russia May 23, 2018. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - Cooperation between Russia and OPEC should continue and include regular meetings with the Saudi energy minister since Riyadh is a key member of the oil producer group, Leonid Fedun, vice-president of Russia’s Lukoil (LKOH.MM), said on Wednesday.

Fedun, who was among the first Russian oil executives to publicly support a production-cutting deal led by Russia and Saudi Arabia, also said that Lukoil planned to increase its oil production by 1 percent this year from 2017 levels.

Reporting by Olesya Astakhova and Gabrielle Tétrault-Farber; Writing by Katya Golubkova and Vladimir Soldatkin; Editing by Alexander Smith

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