Oil production in Russia may go down from 524 mln tonnes in 2021 to 480-500 mln tonnes in 2022, Deputy Prime Minister Alexander Novak told reporters, adding that the government expects a gradual output recovery after its decrease in April 2022 by around 1 mln barrels per day.
"I think the decline will be far lower. The decrease was slightly over 1 mln barrels per day for only one month. Consequently, I think a recovery will follow, from 524 mln tonnes last year to probably 480-500 mln tonnes this year," he said, noting that "those are (estimates) for today, everything may change depending on the situation."
Russia’s average daily oil and gas condensate production amounted to 1.398 mln tonnes from May 1 to 15, 2022, up by 1.7% compared with April when average daily production of crude oil totaled 1.374 mln tonnes, a source familiar with official oil production statistics told TASS earlier.
