Thursday 24 October 2019

Rosneft's Sechin: #Saudi oil site attacks hit kingdom's status as a reliable supplier - Reuters

Rosneft's Sechin: Saudi oil site attacks hit kingdom's status as a reliable supplier - Reuters:

September attacks on Saudi oil assets have created doubts about Saudi Arabia’s status as a reliable oil supplier, Igor Sechin, Chief Executive of Russia’s Rosneft (ROSN.MM), said. 

The attacks, which temporarily shut down around half of the kingdom’s oil output, gave “grounds to rethink Saudi Arabia’s role as an undoubtedly reliable oil supplier”, Sechin told a conference in Italy on Thursday.

The oil executive is a close ally of President Vladimir Putin and one of Moscow’s key players in the global oil production cut deal.

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