Lawmaker says Jagland asked Duma speaker not to set conditions for Russia’s return to PACERussian Politics & Diplomacy December 06, 19:09
Merkel calls for Islamic veils banWorld December 06, 18:44
Meteorite reportedly crashes in West SiberiaSociety & Culture December 06, 18:27
Putin wishes Council of Europe chief successful work during his trip to RussiaRussian Politics & Diplomacy December 06, 18:09
Russian PM says Syrian conflict settlement is priority for Russia, TurkeyRussian Politics & Diplomacy December 06, 18:00
Joint investment fund of Russia and Turkey might start working next yearBusiness & Economy December 06, 17:44
Putin blasts Lithuania’s ‘idiotic conclusion’ about Russian judges being threat to VilniusRussian Politics & Diplomacy December 06, 16:38
Court refuses to summon Chechen leader Kadyrov for questioning in Nemtsov murder caseRussian Politics & Diplomacy December 06, 16:00
Spain becomes most popular foreign destination for Russian touristsSociety & Culture December 06, 15:52
MOSCOW, January 29. / TASS /. Russian authorities have no plans to reduce the oil production forecast, but the 2015 volume of exploration for oil will be reduced, said Natural Resources Minister Sergey Donskoy on Thursday.
"No one has suggested that the oil production forecast should be reduced," Donskoy said.
"At the same time, we will reduce the volume of exploration for oil in 2015," he added.
However, the minister noted that some oil companies last year stated the possibility of reducing oil volume production, but at the end of the year, the situation stabilized. "The situation at least is not as negative, as it was predicted originally," Donskoy said.
"We understand that we will most likely have a decline in exploration, but it is hard to say to what extent," he added.
"As far as oil production is concerned, I wouldn't give negative assessments just yet, although the situation is complicated. This is what all companies say," Donskoy cautioned.