The head of Rosneft, Igor Sechin, has written to Russian President Vladimir Putin to put pressure on him to withdraw from the OPEC+ agreement which cuts global output by 1.2 million bpd until 2019. He claimed the production cuts present a strategic threat to the nation and favour the US by enabling it to gain market share, despite the availability of reserves. Sechin has consistently opposed the deal since it was first introduced and is the only Russian official to do so. Roseneft aims to increase production in June by up to 4.5%, depending on OPEC agreements.
The head of Rosneft, Igor Sechin, has written to Russian President Vladimir Putin to put pressure on him to withdraw from the OPEC+ agreement which cuts global output by 1.2 million bpd until June. He claimed the production cuts present a strategic threat to the nation and favour the US by enabling it to gain market share, despite the availability of reserves. Sechin has consistently opposed the deal since it was first introduced and is the only Russian official to do so. Roseneft aims to increase production in 2019 by up to 4.5%, depending on OPEC agreements.