Lukoil CEO on future of OPEC+ deal

Lukoil CEO on future of OPEC+ deal

The future of OPEC+ deal will become clear in April after the situation with sanctions against Iran is clarified, Lukoil President Vagit Alekperov said on the sidelines of the Russian Investment Forum in Sochi.

"Everything will depend on how the situation around Iran develops in April. How much the sanctions will be strengthened," TASS cited him as saying.

OPEC and other oil-producing countries that are not part of the cartel agreed in December last year to cut production by 1.2 mln barrels per day against the level of October 2018.