Date: 3 months ago   Category: Energy

MEA predicts oil production peak in Russia in 2021-2022 — Rambler News Service


Photo: Evgeny of Biyatov/RIA Novosti Level of production of oil in Russia by 2023 will grow to 11.56 million barrels a day, and the peak of production is necessary for 2021-2022, it is told in the annual report of the International Energy Agency (Oil 2019). "Proceeding from the assumption that commissioning of new fields and growth of production on them will not be significantly limited, the Russian production has to grow to 11.8 million barrels a day by 2021. After that we expect gradual falling of production because of the accelerated decrease in production on mature fields. The total amount of production by 2024 will be 11.6 million barrels a day" — it is said in the report. According to data of the agency, oil production in Russia in 2018 made 11.49 million barrels a day, in 2019 production will be 11.59 million barrels a day, in 2020 – 11.73 million barrels a day, in 2021 – 11.78 million barrels a day, in 2022 – 11.78 million barrels a day, in 2023 – 11.7 million barrels a day. In the last year's report the agency predicted that level of production of oil in Russia will reach peak by 2021, and by 2023 will decrease to 11.72 million barrels a day.

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