VERONA, Italy (Reuters) - Rosneft CEO Igor Sechin said on Thursday that Russia's largest oil producer was comfortable with the current oil price and no one in the world was interested in a spike, which would jeopardise global economic growth.
He also told a forum in the Italian town of Verona that there was a risk that OPEC may not have enough free oil production capacity to compensate for lower supplies from other producers hit by U.S. sanctions such as Iran or Venezuela.
Sechin also said the global oil sector needed a stable, significant inflow of investments in the long term to compensate for ageing oil-producing assets.
(Reporting by Oksana Kobzeva; Writing by Katya Golubkova; Editing by Susan Fenton)
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| 351.2 RUB | -3.77% | -.--% | 36.15B | ||
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Igor Ivanovich Sechin is the former Deputy Prime Minister of Russia. Currently, Dr. Sechin is Chairman at St. Petersburg International Mercantile Exchange ZAO, Chairman at Inter RAO UES PJSC, Chairman for National Oil Consortium LLC, Chairman-Supervisory Board for Professional hockey club CSKA, Chairman of United R&D Center, Deputy Chairman, President & CEO at Rosneft Oil Co., President of Rosneft-Sakhalinmorneftegaz JSC (a subsidiary of Rosneft Oil Co.) and Chairman for Rosneftegaz JSC. Igor Ivanovich Sechin is also on the board of TNK-BP Ltd. In the past he was Chairman at Rosneft Oil Co. Chairman at RN Management and President of RN Holding OJSC (both are subsidiaries of Rosneft Oil Co.), Chairman at Inter RAO UES PJSC, Chairman at RN-TSIR, Chairman of The United Shipbuilding Corp. and Chairman of Far Eastern Shipbuilding & Shiprepairing Center JSC. Dr. Sechin received a doctorate from Pushkin Leningrad State University.
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Rosneft-Sakhalinmorneftegaz JSC
 Rosneft-Sakhalinmorneftegaz JSC Oil & Gas ProductionEnergy Minerals Rosneft-Sakhalinmorneftegaz JSC engages in the prospecting and exploration of hydrocarbon deposits and oil. The company is headquartered in Yuzhno-Sakhalinsk, Russia. | President |
| ROSNEFT OIL | Chief Executive Officer |
