Rosneft CEO Complains About Losing Market Share To OPEC+ Members ...Middle East

Economy by : (OILPRICE) -
Russia is exporting a smaller share of its oil output, losing market share compared to other OPEC+ members. That’s according to Rosneft’s chief executive Igor Sechin, who spoke at the St. Petersburg International Economic Forum this weekend, saying some OPEC+ members were exporting up to 90% of their oil output while for Russia, the share was some 50% of the total, Reuters reported. "That puts our country in a less advantageous position under the current mechanism for assessing the impact and access to key markets," Sechin said. "In…

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