Kremlin says Rosneft's dispute with Transneft not a matter for Putin

The dispute between Rosneft and Transneft is not a matter for Russian President Vladimir Putin to intervene in because it is a corporate matter, Kremlin spokesman Dmitry Peskov said on Wednesday.

Russian oil production fell close to a three-year low in early July due to the row between oil pipeline monopoly Transneft and Russia's biggest oil producer.