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Russia's Lukoil to adjust 2017 output plan in line with OPEC deal: TASS
January 18, 2017 / 11:32 AM / 10 months ago

Russia's Lukoil to adjust 2017 output plan in line with OPEC deal: TASS

MOSCOW (Reuters) - Russian oil producer Lukoil will adjust its oil output plan for 2017 to conform with a global deal on cutting production, TASS news agency quoted Lukoil Chief Executive Vagit Alekperov as saying on Wednesday.

A bird flies past the logo of Russia's oil producer Lukoil at its petrol station in Moscow, Russia, June 6, 2016. REUTERS/Maxim Shemetov

“How can we maintain (current production plans) if we are taking part in the curbing of output?” Alekperov was quoted as saying. “We will abide by all the decisions that the energy ministry passed on to the oil companies.”

Alekperov did not give any forecasts for output volumes, TASS reported.

Reporting by Jack Stubbs; Editing by Christian Lowe

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