Feb 28 (Reuters) - Russia's 500,000 barrel-a-day cut to its
oil production, starting in March, is designed to balance the
oil market in the face of a global surplus, the head of Russia's
Gazprom Neft oil company said on Tuesday.
Gazprom Neft CEO Alexander Dyukov also said he saw the
likely oil price in a range of $80-$110 per barrel in 2023, the
Interfax news agency reported.
(Reporting by Reuters; Editing by Mark Trevelyan)
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