Oil companies in Russia can start to burn oil under the agreement, OPEC+ reduction of production. Under the deal, with may oil production in the country should decrease by 23%.
According to Reuters, the company will begin to freeze the least profitable fields.
LUKOIL, the second largest producer in Russia, plans to close several fields in the Komi Republic in subsidiary company “LUKOIL-Ukhtaneftegaz”. “Slavneft” (subsidiary of “Rosneft” and “Gazprom oil”) may close the fields in Yugra.
At the same time, as noted by a leading expert of the national energy security Fund Igor Yushkov, a part of the reserves may be lost. First of all can suffer areas in the Volga region and Western Siberia.
In some cases, oil is cheaper to extract and burn, said the representative of one of the oil companies.
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