Russia's largest oil producer expects output restrictions to run into 2022

Rosneft is ditching projects with low economic returns, while keeping those with already granted tax concessions

Closing taps: an oil delivery facility at the Achinsk refinery in East Siberia operated by Russian oil producer Rosneft
Closing taps: an oil delivery facility at the Achinsk refinery in East Siberia operated by Russian oil producer RosneftPhoto: REUTERS/SCANPIX
Published 18 May 2020, 12:40Updated 18 May 2020, 12:45