biocides manufacturer - Russia's prominent replacement head of state Igor Sechin has actually held a 2nd meeting in 2 weeks with top oil executives to discuss just how to avoid a decrease in oil result this year, market sources informed Reuters on Monday.

"It seems that he has been offered a job to avoid the output from dropping," one source stated.

A second source said Sechin asked oil companies on Saturday to keep manufacturing levels at a time when the federal government was prepared to reduce tax obligations on the sector.

"We are reducing tax obligations not in order to aid you elevate dividends," a second market source informed Reuters when asked what was Sechin's major message to oil companies.

Sources stated presidents of Rosneft (ROSN.MM: Quote, Profile, Research Study), LUKOIL (LKOH.MM: Quote, Profile, Research), Surgut (SNGS.MM: Quote, Account, Research Study) and also Russneft went to the conference.

Sechin, formerly deputy Kremlin principal of staff and one of the closest allies of former president Vladimir Putin, transferred to the deputy prime minister work previously this month after Putin became head of state. Putin's recommended successor Dmitry Medvedev was chosen Russian president in March.

Putin has asked Sechin, who is additionally chairman of Russia's biggest oil manufacturer, state-controlled Rosneft, to care for the Russian energy sector.

Sechin claimed previously this month he believed Russian oil production would certainly not drop this year after analysts said the decline ended up being unavoidable complying with the really poor efficiency of the market in the first 4 months.

The fall will be in deep contrast with remarkable spikes in previous years, which enabled Russia to boost its manufacturing by over half and also produce more than the world's leading oil country, Saudi Arabia, throughout some months.

Sechin is seen as among Russia's many secretive politicians, but has shown up several times in public and also talked about a couple of topics because his election in May.