Russian Ministry of Energy: OPEC agreement doesn't exclude production growth

 Russian Ministry of Energy: OPEC agreement doesn't exclude production growth

The agreement with OPEC to freeze oil production at the level of January does not exclude the growth of oil production in Russia in 2016 by 1.9%, the Deputy Energy Minister Kirill Molodtsov said.

"We have a tendency of production growth and we can retain it. As of January 11 we have recorded oil production growth of 1.9%," the deputy minister said.

According to Molodtsov, it is possible to increase production in connection with the introduction of new fields. 

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