MOSCOW, October 24 (Itar-Tass) — The Russian Ministry of Energy forecasts that by 2020 Russia will begin annually producing 500-520 million tonnes of oil and up to 850 billion cubic metres of gas. These figures were given by Deputy Minster of Energy Anatoly Yanovsky at the International Energy Week.
“By 2020 Russia’s annual oil production will reach 500-520 million tonnes with the export of 270 million tonnes,” he said. “Gas production is expected to increase up to 850 billion cubic metres with the export of about 300 billion cubic metres a year,” Yanovsky added.
According to the information of the Russian Statistics Agency, in 2010 Russia’s oil production amounted to 504.9 million tonnes, which is 2.1 percent more than in 2009. Last year Russia’s gas production amounted to 650.311 billion cubic metres, which is 11.5 percent more than in 2009.