The Russian Energy Ministry's prognosis of oil extraction in 2012 is 515
million tons; the position of the Economic Development Ministry that in 2013
the extraction of oil will fall to 510 million tons is approved by
the Energy Ministry,the Energy Minister Alexander Novak said , RIA
Novosti reports.
"All our predictions are approved by the Ministry of Economic
Development, this year we expect about 515 million tons," he said.
The Ministry of Economic Development prepared five different scenarios of
the development of the Russian economy until 2015. In the most pessimistic
one the oil price is about $80 per barrel and economic growth is
0.5% to 3%. In the most optimistic one the oil price is $120 and economic
growth is about 3.9% to 4.6%
The main scenario predicts that oil extraction in Russia in 2013-2015
will be about 510 million tons per year. The pessimistic scenario
predicts that the oil extraction in 2013, 2014 and 2015 will be 504,
500 and 498 million tons respectively.
