Rosneft CEO says country has capacity to add 200m tons a year Energy minister set to meet Saudi counterpart for supply talks Russia’s largest oil company said the nation is capable of a substantial increase in production, less than two weeks after President Vladimir Putin pledged his support for international efforts to limit output. “In the future, Russia can significantly increase oil production,” Rosneft PJSC Chief Executive Officer Igor Sechin said Thursday. The country has capacity to add as much as 200 million metric tons a year, or 4 million barrels a day, if there’s demand and technological and economic conditions allow, he said. Russia is already pumping at a post-Soviet high, producing 11.11 million barrels a day in September, according to preliminary data. Energy Minister Alexander Novak is due to meet Saudi counterpart Khalid Al-Falih this weekend as the Saudi-led Organization of Petroleum Exporting Countries works on measures […]