Russia’s oil producer Gazprom Neft is ‘holding its nose’ to the OPEC/non-OPEC production cut deal because it has made the company cut its production growth targets, Gazprom Neft’s first deputy CEO Vadim Yakovlev told Reuters in an interview published on Monday. “The companies involved in this deal are paying a different price. The effect is equal for everyone, but the contribution of the companies to the deal is different,” Yakovlev said. “This is related to the market players’ ability to increase their output – we have such a possibility and have to ‘hold our noses’. Gazprom Neft makes a big contribution to the deal. For us, this is a very sensitive issue as it is holding up the development of our fields,” said the manager who noted that the company sees the deal as a short-term one. In June this year, Gazprom Neft CEO Alexander Dyukov said in an […]