- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Russia Forecasts Increase in Oil, Gas Output in 2014

© Sputnik / Iwan Rudnew / Go to the mediabankRussia Forecasts Increase in Oil, Gas Output in 2014
Russia Forecasts Increase in Oil, Gas Output in 2014 - Sputnik International
Subscribe
Russia will increase oil production this year by 0.3 percent to 525 million tons and boost its natural gas output by 4.8 percent to 700 billion cubic meters, the country’s deputy energy minister said Wednesday.

MOSCOW, February 12 (RIA Novosti) – Russia will increase oil production this year by 0.3 percent to 525 million tons and boost its natural gas output by 4.8 percent to 700 billion cubic meters, the country’s deputy energy minister said Wednesday.

“We could increase gas production even more, but there are issues with storage, transportation and consumption,” said Kirill Molodtsov.

The boost in oil output is expected as a result of launching new fields last year, he said.

In 2013, Russia produced just over 523 million tons of oil and 668 billion cubic meters of gas, according to state statistics.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала