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Russia's largest oil producer, Rosneft, does not expect the end of US sanctions exemptions for all Iranian oil buyers to lead to a global supply shortfall this quarter, and the next, said Friday to Reuters Igor Sechin, chairman of Rosneft.
"No, we do not see such threats," Sechin said to the question of whether the "maximum pressure" on the Iranian oil sector could lead to a global oil deficit.
Announcing the end of the derogations, the White House said Monday:
"The United States, Saudi Arabia and the United Arab Emirates, three of the world's largest energy producers, as well as our friends and allies, are committed to ensuring that the world's oil markets continue to be supplied in a timely manner. adequate. We have agreed to take swift action to ensure that global demand is met when all Iranian oil is withdrawn from the market. "
Addressing reporters today, US Secretary of State Rosneft, quoted by Reuters, said: "I would draw your attention to the Pompeo Declaration: in in any case, even by zeroing the Iranian oil reserves, they would be offset by Saudi Arabia and the United Arab Emirates. "
"We have had in-depth and productive discussions with Saudi Arabia, the United Arab Emirates and other major producers to facilitate this transition and ensure an adequate supply," said US Secretary of State Mike Pompeo.
Russia, which is leading the group of non-OPEC producers in the OPEC-backed supply reduction pact, has signaled reluctance to continue cutting production after the OPEC. Expiry of the current agreement, in June, just before the United States takes the global oil market by surprise announcing the end. of all renunciations for Iranian customers.
Earlier this year, reports revealed that Sechin, a long-time critic of OPEC, had written a letter to Putin, saying that Russia should give up the OPEC + agreement, which according to Sechin threatens Russia's market while benefiting the United States.
By Tsvetana Paraskova for Oilprice.com
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