OREANDA-NEWS. December 17, 2008. Russian oil companies could cut exports by 300,000-320,000 bpd if oil prices remain the same, Vice PM Igor Sechin said. “If the current prices remain in place, we do not rule out a further decline by 300,000-320,000 bpd” – he told journalists Tuesday. The Vice PM noted that Russian companies have already curbed exports due to the current market conditions. “The decline reached 1.5 mn tons in November, which amounts to some 350,000 bpd” – Sechin noted. The Vice PM said that Russian companies are unable to operate at a loss, and this results in lower crude supplies to the market.