Novak sees Russian oil output falling 5Ц8% to 480Ц500 mln tns 2022 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Novak sees Russian oil output falling 5Ц8% to 480Ц500 mln tns 2022

TEHRAN, May 26 (PRIME) -- RussiaТs oil production is expected to fall by 5Ц8% to 480Ц500 million tonnes in 2022, but the forecast can change depending on the situation, Deputy Prime Minister Alexander Novak told reporters during his visit to Iran on Thursday.

The Economic Development Minister earlier said that RussiaТs oil output would decrease by 9.3% to 475.3 million tonnes in 2022 under a basic scenario.

УI think that the reduction will be much smaller. We have had only one month of a fall of slightly above 1 million barrels per day, now it is smaller. That is why I think we will have further recovery,Ф he said.

Novak also said that Russia have not yet adjusted its target to produce up to 140 million tonnes of liquefied natural gas (LNG) by 2035 and is working on it.

УWe have not adjusted the LNG target. We are working to reach the figures envisaged by our strategy even if we use local technologiesЕ A program to develop Russian technologies has been approved. I am sure it will be fulfilled, there is nothing difficult there,Ф he said.

End

26.05.2022 10:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 61.2171 +0.2139 29 jul
USD 60.2031 -0.0167 29 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 2189.16 -0.32 18:51 28 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 196.24 -0.13 18:36 28 jul
lkoh 3847.50 0.00 18:53 28 jul
rosn 348.70 0.00 18:49 28 jul
sber 131.69 -0.61 18:36 28 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 61.1000 +0.5550 14:59 28 jul
USDTD 60.8350 +0.9200 17:44 28 jul