Russian oil production to remain at the same level, the Ministry of Energy reports

 

Russian oil production to remain at the same level, the Ministry of Energy reportsIn order to stabilize oil prices Russia shall not increase production of oil, the Minister of Energy, Alexander Novak said today.The Energy Minister added that at the same time Russia is not planning to reduce the volume of oil production since the Russian budget is heavily dependent on oil revenues.

In order to stabilize oil prices Russia will not increase production of oil, Minister of Energy Alexander Novak said today.
The Energy Minister added that at the same time Russia is not planning to reduce the volume of oil production, since the Russian budget is heavily dependent on oil revenues.