UPDATE 1-Rosneft plans to increase Yugansk oil output to 1.37 mbpd

lunes 8 de agosto de 2016 06:31 GYT

* Drilling, hard-to-extract oil to drive Yugansk's output

* Rosneft sees its total output flat this year

* Novak: no prerequisites for joint actions on oil markets now (Adds details, quotes, background)

By Olesya Astakhova

NEFTEYUGANSK/MOSCOW, Russia, Aug 8 (Reuters) - Russia's Rosneft, the world's top listed oil company by output, plans to increase production at its key unit, adding to the global glut, it said on Monday.

Moscow sees no need for new talks with fellow producers on joint actions on markets. It was part of a group of global producers which were trying to agree on an oil output levels freeze in April to help to speed up a supply/demand rebalance. Talks failed as Saudi Arabia refused to sign a deal without Iran.

Oil prices rose on Monday lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output.

Russia, the world's top oil producer, sees no prerequisites for new talks on freezing oil production yet but is open to negotiations, Energy Minister Alexander Novak said on Monday.

"If other countries raise the issue of a freeze, we are ready to discuss this," he told reporters.   Continuación...