Gazprom Neft, the oil arm of Russian gas giant Gazprom, will be able to swiftly raise its crude oil production in line with the OPEC+ deal for unwinding the collective cuts, one of Russia’s top oil-producing companies told Reuters in an email on Friday. Gazprom Neft has many oil wells, at which it had reduced production because of the OPEC+ production quotas.
In addition, some oil wells have been sitting idle since last year, the company told Reuters.Last year, Gazprom Neft reduced its liquids production by 4 percent because of the OPEC+…Gazprom Neft Ready To Boost Production In Line With OPEC+ Deal
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