Russia’s largest oil producer Rosneft is in talks with the government for possible compensation for losses in case OPEC and its Russia-led non-OPEC partners decide to extend the production cut deal through the end of the year, Rosneft’s chief executive Igor Sechin said on Tuesday. Rosneft doesn’t plan to postpone new project launches, but will comply with decisions about the OPEC+ production deal, and at the same time it will discuss possible compensation for losses, if there are losses from its projects, Russian news agency TASS quoted Sechin as saying at Rosneft’s annual shareholders’ meeting. Sechin—who has criticized Russia’s involvement in the deal in the past—questioned the Russian rationale of sticking to the cuts, saying that the U.S. would take market share out of Russia if the OPEC+ deal is extended. At a meeting on March 1, Russian oil firms unanimously agreed that they would fulfill their commitments and […]