Rosneft To Delay Implementation Of New Projects For Several Months Due To Oil Cut Deal

Rosneft to Delay Implementation of New Projects for Several Months Due to Oil Cut Deal

Russia's state-controlled Rosneft oil-and-gas company will delay the launch of a number of new projects by several months due to the OPEC-non-OPEC deal, the company's First Vice-President for Economics and Finance Pavel Fedorov said Tuesday

MOSCOW (Pakistan Point News / Sputnik - 05th February, 2019) Russia's state-controlled Rosneft oil-and-gas company will delay the launch of a number of new projects by several months due to the OPEC-non-OPEC deal, the company's First Vice-President for Economics and Finance Pavel Fedorov said Tuesday.

"I think that at least in order to fulfill the goals set for the first half of 2019, we will see a delay for several months in a number of our new projects ... But the goals that we, within the framework of a given year, determined for ourselves, they remain unchanged - we are launching Rospan this year," Fedorov said in conference call.