Oil extraction in Russia in 2017 might increase

​Oil extraction in Russia in 2017 might slightly increase, the Vice-PM A. Dvorkovich said.

We hope our projects in the oil and gas sector will allow to extract oil at a stable level, he said.

He said that annually the fall of oil extraction is forecast. Our actions allow to provide a stable extraction level and even a slight growth, that will be positively reflected on the budget revenue, Dvorkovich said.

In 2015 the volume of oil and gas condensate extraction in Russia grew by 1.4% against 2014 and made up 534.081 mln tons.

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