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Russia is going to increase oil exports by 5%

Oil exports from Russia in 2016 could grow by 5% to 254-255 million tons. Last year, the figure reached 243 million tons.

20.Apr.16 5:12 PM
By Irina Z.


Russia is going to increase oil exports by 5%
According to Deputy Energy Minister Kirill Molodtsova, after the failure of the Doha negotiations, Russia plans to increase oil production to 540 million tons against 535 million tons last year.

"For example, 540 million tonnes we produce, of which 278-280 million tons recycled, the rest plus-minus will be exported," - said the source ToINNOV [TI].

It is worth noting that the talks in Doha on the freezing of oil in January, held on April 17 in Doha, have failed because of disagreements Iran and Saudi Arabia. The next round of talks is scheduled for June.

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