Official: Russia to cut oil exports forecast for 2023

MOSCOW, Dec 18 (PRIME) -- The forecast for Russia's oil exports in 2023 is being revised downwards from 247 million tonnes because of a voluntary reduction, Deputy Prime Minister Alexander Novak said on December 17.

"It is being revised because of these liabilities," Novak said.

The official said on December 1 that Russia would increase the additional voluntary reduction of oil and oil product exports to 500,000 barrels per day from January and extend it until the end of March 2024.

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