88585
Russia Crude Production May Exceed 550m Tons
Russia Crude Production May Exceed 550m Tons

Russia Crude Production May Exceed 550m Tons

Russia Crude Production May Exceed 550m Tons

Oil production in Russia in 2018 could rise to more than 550 million tons, taking into account the decision made by OPEC and non-OPEC members on Friday to boost output, Russian Energy Minister Alexander Novak told reporters. "I think we will add 550 million tons," he was quoted as saying by TASS. Novak noted that Russia will be able to increase oil production by 170,000 barrels per day, thanks to the decision of OPEC+. "Maybe 170,000, maybe 180,000 barrels per day," he said, noting that Russia is unlikely to add this volume in July, it is likely to be achieved in the Q2. "Everything will depend on how quickly our oil firms can prepare for the recovery," he said. According to Novak, the Russian Energy Ministry will consider equal opportunities for the production growth of all domestic companies. "We will continue to consider equal opportunities for all companies," he said.

 

Short URL : https://goo.gl/3VXHt5
  1. https://goo.gl/LqKwj7
  • https://goo.gl/BH78mj
  • https://goo.gl/n6mkoF
  • https://goo.gl/gah7U3
  • https://goo.gl/HSP1tp

You can also read ...

Japan to Toe US Line, Stop Iranian Oil Imports
Japanese oil distributors are preparing to stop importing...
Canada Ships Biggest Oil Consignment to China
A tanker loaded with around 514,000 barrels of oil has set...
Saudis Reap Benefit From US-China Trade War
Saudi Aramco is winning thanks to US President Donald Trump’s...
Oil Prices Set to Drop Over Excess Supply
Crude prices rose on Friday, but were still set for a weekly...
South Pars has 24 standard phases, most of which are fully operational.
The giant South Pars Gas Field in the Persian Gulf is slated...
7 Power Projects Take Off
Energy Minister Reza Ardakanian on Thursday inaugurated seven...
Oman to Finalize Gas Supply Contract by August
Tehran and Muscat are planning to sign a final agreement on...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus