Date: 5 months ago   Category: Energy

The Ministry of Energy sees the potential of additional growth of oil production in Russia in 2018 — Rambler News Service


The Ministry of Energy of the Russian Federation sees the potential of additional growth of oil production in Russia in 2018, the Energy Minister of the Russian Federation Alexander Novak has told journalists. "I wouldn't like to give numbers, the companies have to be defined, but potential is", - he has told, answering an appropriate question. The day before Novak has reported that the Ministry of Energy of the Russian Federation expects preservation of oil production in Russia in September, 2018 at the level of July-August. According to arrangements with OPEC, Russia had to reduce oil production by 300 thousand barrels a day to an indicator of October, 2016 when oil production made 11,247 million barrels a day (according to the Ministry of Energy of the Russian Federation). On April 28, 2017 the Ministry of Energy of the Russian Federation has reported that Russia has achieved the stated production reduction. On June 23, 2018 the OPEC countries at a meeting in Vienna have made the decision to increase production since July 1, 2018 approximately by 1 million barrels a day — before 100 percent observance of terms of transaction. The Minister of Energy of the Russian Federation Alexander Novak explained that the share of Russia in the general increase in oil production of the countries of OPEC can make about 200 thousand barrels a day. On August 1 the current year Novak has reported that following the results of July Russia has reduced oil production by 40,54 thousand barrels a day to an indicator of October, 2016. On September 3 he has reported that following the results of August Russia has reduced oil production by 47 thousand barrels a day to an indicator of October, 2016.

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