Russian Energy Minister: Russia may increase oil production in the short termVisits : 13

Russian Energy Minister: Russia may increase oil production in the short term

Russian Energy Minister Alexander Novak said that Russia may increase its oil production in the short term by 200-300 thousand barrels per day, and in the future it could reach 500 thousand barrels per day.
"Despite the low prices and the volatility that we see today, our industry is still competitive. It is among the first in the world in terms of the lowest production costs," Novak said in an interview with "Russia 24" channel today, Tuesday. As for production, I think companies today will review investment plans, scale and production programs. "

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