Lavrov says Russia-Belarus relations developing in working modeRussian Politics & Diplomacy February 21, 21:48
Condolence book in memory of Churkin opened at Russia’s Permanent Mission to UNWorld February 21, 20:53
Ukrainian billionaire Dmitry Firtash detained in Vienna at Spain’s requestWorld February 21, 20:40
UN secretary-general offers Lavrov condolences on Churkin’s deathWorld February 21, 19:53
OPEC does not see problems regarding growth of Russian oil exportBusiness & Economy February 21, 19:46
Kremlin to bake 100,000 pancakes for MaslenitsaSociety & Culture February 21, 19:23
Production of Mercedes Benz cars to start in Russia in 2019Business & Economy February 21, 18:43
UN Security Council holds a minute of silence in memory of Russia’s deceased envoyWorld February 21, 18:30
Russia and US might launch joint operations against terrorists in Raqqa — ministerWorld February 21, 18:17
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.