Oil production in Russia to go down in next 7 years

Oil production in Russia in the next 7 years may go down to the level of 2004, the president of the Union of Oil & Gas Producers of Russia, G.Shmal said in an interview to the “Russian gazeta”.

Oil production made up 518 million tons last year, it can go down to 420-450 million tons in 5-7 years,the expert says. It is much lower than an official forecast. According to Mineconomrazvitiya, oil production is to make up 513 million tons by 2020.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer