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Russia to boost oil output by 0.7% to 525 million tons in 2014

September 16, 2014, 15:51 UTC+3
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VIENNA, September 16. /ITAR-TASS/. Russia’s oil output is expected to rise by 0.7% in 2014 to 525 million metric tons, Energy Minister Alexander Novak said on Tuesday.

The energy minister said the country’s oil output would increase to 525 million metric tons in 2014 and stay at this level in the medium term.

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