April 30, 2020 / 2:16 PM / a month ago

Russia's Transneft says cargo turnover could fall by 10-13% in 2020

MOSCOW, April 30 (Reuters) - Russia’s oil pipeline monopoly Transneft on Thursday said its cargo turnover could fall by 10-13% in 2020 as a result of the OPEC+ deal to reduce oil supply, the Interfax news agency cited First Vice President Maxim Grishanin as saying.

Grishanin added that Transneft’s oil supplies to the domestic market would fall by less than its exports.

Reporting by Gabrielle Tétrault-Farber; Writing by Alexander Marrow; Editing by Mark Potter

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