Putin offers condolences to Pakistan over plane crashRussian Politics & Diplomacy December 08, 13:09
Press review: Aleppo's gradual liberation and new forces guarding Russia's HmeymimPress Review December 08, 13:00
German top diplomat says arms control mechanisms in Europe should be updatedWorld December 08, 12:58
EU Council, European Parliament reach compromise on visa-free travel for UkraineWorld December 08, 12:51
Russia’s Defense Ministry rejects reports of pilotage error as cause for Su-33 crashMilitary & Defense December 08, 12:45
Assad says Aleppo’s seizure won’t be end of war in SyriaWorld December 08, 12:29
Prosecutor seeks 5-year sentence for a female student for trying to join ISRussian Politics & Diplomacy December 08, 12:26
Putin points to priority of boosting transportation projects with Asia-Pacific statesBusiness & Economy December 08, 11:43
Two Ukrainians charged in absentia over abduction of Russian servicemenWorld December 08, 11:33
LONDON, September 9. /TASS/. The cost of the futures contracts for October delivery of Brent crude oil on London's ICE trading increased by 1% to $50.02 per barrel.
Against this background, the ruble strengthened against the dollar and the euro. Thus, the dollar declined by 66 kopecks to 67.33 rubles against the ruble, the euro declined by 90 kopecks to 75.3 rubles on the Moscow Stock Exchange at the opening of trading Wednesday.
Oil production in Russia in 2015 could rise by 1%, Russian Energy Minister Alexander Novak told journalists Wednesday.
"This year we expect to see oil production at the last year’s level, maybe with a slight growth of 1%," Novak said.
The Minister added that all oil companies are stable. "Today, of course taking into account all the challenges that the industry faced last year, it is in a difficult position. Nevertheless, our companies are stable through conducting efficient policy on reducing costs and ineffective costs, on improving productivity," he added.
Earlier Rosneft CEO Igor Sechin at the FT Commodities conference that oil production in Russia could reach up to 700 mln tonnes in the foreseeable future. Novak did not comment on the statement.
The Russian Ministry of Economic Development increased the estimate of oil production in Russia in 2015 to 530.5 mln tonnes.
Oil production in Russia by the end of 2014 amounted to 526.7 mln tonnes.