IEA sees Russia’s oil output rising to 11.38 mln bpd in 2017

MOSCOW, Jan 19 (PRIME) -- Russia’s oil output may increase by around 0.04 million barrels a day to 11.38 million barrels a day in 2017, the International Energy Agency (IEA) said in a report on Thursday.

The output is projected at 11.42 million barrels a day in January–March, 11.29 million barrels a day in April–June, and 11.33 million barrels a day in July–September.

In December 2016, the IEA projected Russia’s oil output to grow by around 0.03 million barrels a day to 11.37 million barrels a day in 2017.

Under the IEA’s estimates, Russia’s oil output amounted to around 11.34 million barrels a day.

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