Russia seeks condensate exclusion from OPEC oil production cut agreement

摘要

Moscow-Russian energy minister Alexander Novak said Wednesday he wants new volumes of gas condensate to be excluded from Russia’s quota as part of its oil output pact with OPEC. Novak’s remarks come as Russia’s output of condensate, a potentially high-value petroleum liquid, is expected to grow strongly in coming years as it expands its output of liquefied natural gas from new giant projects in the Arctic Circle.