Fedun, who was among the first Russian oil executives to publicly support a production-cutting deal led by Russia and Saudi Arabia, also said that Lukoil planned to increase its oil production by 1 percent this year from 2017 levels.

(Reporting by Olesya Astakhova and Gabrielle Tétrault-Farber; Writing by Katya Golubkova and Vladimir Soldatkin; Editing by Alexander Smith)