Rosneft CEO accuses U.S. of using energy as a political weapon

FILE PHOTO: Chief Executive of Rosneft Igor Sechin attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. REUTERS/Maxim Shemetov - Copyright MAXIM SHEMETOV(Reuters)

By Reuters

Published on 06/06/2019 - 11:34•Updated 25/04/2024 - 14:26

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ST PETERSBURG (Reuters) - Igor Sechin CEO of Russian oil group Rosneft said on Thursday the United States was using energy as a political weapon and that the U.S. golden age of energy had become an "era of energy colonialism" for other countries.

Speaking at an economic forum in St Petersburg, Sechin said a third of global oil reserves were currently restricted by U.S. sanctions on Iran and Venezuela and Washington was losing moral ground as a leader of market openness.

(Reporting by Dmitry Zhdannikov; writing by Tom Balmforth; editing by Jane Merriman)

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