Russia's Rosneft: we won't cede market share dominance in Europe

June 17, 2016 4:54 PM

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ST PETERSBURG, June 17 Russia will not cede its dominant position in the European oil market, Igor Sechin, chief executive of Russian state-owned oil giant Rosneft said on Friday.

Asked about the growing activity of Saudi Arabia on the European market, Sechin told reporters: "We don't need to react to the activity of the Saudis. Let the Saudis keep an eye out for us, because for now we are not giving up our competitive position."

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