Tuesday, October 15, 2019

Rosneft Cuts Oil Output

July 9, 2019

(Photo: Rosneft)

Russia's largest oil producer Rosneft said on Tuesday its oil production had declined due to a decision by oil pipeline monopoly Transneft to reduce intake of oil due to a contaminated oil issue.

It said Transneft had imposed a "significant" cap on oil intake from Rosneft's Yuganskneftegaz subsidiary.

(Reporting by Vladimir Soldatkin and Olesya Astakhova; editing by David Evans)

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