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Russia plans to repeat last year's oil production record in 2016 — minister

January 14, 21:37 UTC+3
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MOSCOW, January 14. /TASS/. Russian oil producers plan to repeat the last-year production record in 2016, Energy Minister Alexander Novak said on Thursday on the sidelines of 2016 Gaidar Forum.

"Our companies say now that production volume in 2016 will be kept at last-year level," the minister said.

Russian oil companies produced record-breaking 534 mln tonnes of oil in 2015, up 1.4% year-on-year, according to data of the Central Dispatching Department of Fuel and Energy Complex.

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