Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Vista Projects
Copper Tip Energy
Vista Projects


Novak says Russia to raise oil output in H2


These translations are done via Google Translate
MOSCOW, July 18 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Sunday that Russia will raise its oil output in the second half of the year thanks to the new deal agreed by the OPEC+ group of leading oil producing countries to increase their total production.

Novak said Russia will start increasing oil output monthly by 100,000 barrels per day from this August and reach pre-crisis level of production in May 2022.

Russia would additionally produce some 21 million tonnes of oil this and next year, he said.

ROO.AI Oil and Gas Field Service Software
Entelec Conference and Expo 2024
GLJ

He also told Rossiya 24 TV station that the country’s budget would get an additional 400 billion roubles ($5.4 billion) thanks to the new deal with an average oil price of $60 per barrel.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE