October 28, 2015 0
CEO of Russia's Rosneft, Igor Sechin, said that the largest listed oil company in the world in terms of production will show "flexibility and skill" in dealing with the Saudi oil competitor in Europe.
The trade sources said that Hungary's oil imports from Iraq's Kurdistan region increased at the expense of Russian crude, while Saudi Arabia began to supply Poland.
It rejects Russia and OPEC production cuts to support global crude prices from current levels below $ 50 a barrel, in defense of each other for market share.
When asked Sechin: How will act Rosneft at a time when Saudi crude is flowing to Europe? He replied, "we will enter new markets and diversify our supplies." He gave no other details.
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