GAZPROM LOOKS FOR ALTERNATIVES Gazprom Neft, the oil arm of - TopicsExpress

GAZPROM LOOKS FOR ALTERNATIVES Gazprom Neft, the oil arm of Russian state gas company Gazprom, may turn to alternative equipment providers to meet production targets at its Prirazlomnoye oil field in the Arctic, after Western sanctions restricted access to existing suppliers. Speaking on Friday before Washington banned Western companies from supporting Gazprom Neft in exploration or production in deep water, Arctic offshore and shale projects, Vadim Yakovlev, first deputy CEO at Gazprom Neft, said he believed the company could stick to its long-term goals as things stood.

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