November 20, 2019 / 9:58 AM / 24 days ago

Lukoil expects decision on whether to extend oil cut deal in March

Lukoil logos are pictured at Gorkovsky Automobile Plant (GAZ) in Nizhny Novgorod, Russia April 16, 2019. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - Lukoil, Russia’s second largest oil producer, expects a decision in March on whether OPEC and its allies will extend a deal to curb oil output until the end of 2020, the company’s CEO and biggest shareholder told reporters on Wednesday.

“It is going to be decided in March,” Vagit Alekperov said.

Reporting by Vladimir Soldatkin; Writing by Polina Devitt; Editing by Mark Potter

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