Gazprom Neft oil output to depend on OPEC+ quota for Russia

Gazprom Neft oil output to depend on OPEC+ quota for Russia
# 27 January 2024 20:53 (UTC +04:00)

Gazprom Neft plans to increase hydrocarbon production in 2023, but oil production will depend on the quota that will be established by the OPEC+ decision for Russia, Gazprom Neft CEO Alexander Dyukov told reporters, APA reports.

"Last year we increased production volumes. We are planning to do the same this year. As for oil, everything will depend on the quota that will be established by OPEC+ for Russia," he said.

Dyukov added that Gazprom Neft intends to continue shipping oil along the Northern Sea Route in 2024, as the efficiency of this route is becoming increasingly better. "Delivery time is being shortened, transportation costs are being reduced. We plan to continue shipments along the Northern Sea Route this year," he said.

Gazprom Neft plans to maintain the volume of the investment program for the current year at the level of 2023. "The investment program will remain at the same level as last year," he said.

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