Exec says Rosneft to launch Rospan in October–December

MOSCOW, May 13 (PRIME) -- Russian oil major Rosneft plans to launch its gas project Rospan in October–December, First Vice President Pavel Fyodorov said during a conference call on Monday.

“We’ve said in last year’s presentation that we were forced to put the launch of our large new projects on hold. Rospan was among them and clearly, this pause was due to the restrictions and quotas (in the framework of the OPEC plus deal) that were imposed on the company,” Fyodorov said.

“That is why the schedule of the project was adjusted to the restrictions. We plan to launch Rospan this year.”

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