Investing.com -- Gazprom (MCX:GAZP) Neft, the Russian oil producer, is prepared to boost its oil production starting from April, according to the company’s head. This move adheres to the guidelines of the OPEC+ agreement, which was shared by the company’s top executive on Tuesday.
The company’s CEO, Alexander Dyukov, further stated that Gazprom Neft has no intention to cut back on oil refining in 2025, following a record year of refining volume in 2024. This decision aligns with the company’s ongoing efforts to adapt to Western sanctions.
In addition to maintaining its refining volume, Gazprom Neft also has plans to increase its investments in 2025, as disclosed by Dyukov. This is a strategic move to build resilience in the face of the sanctions.
Dyukov also mentioned that the current market price for Urals oil in roubles is "quite acceptable" for the company, indicating a satisfactory trading environment for Gazprom Neft’s operations.
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