Financial recovery of B&N Bank to last 6-8 months — Central BankBusiness & Economy September 21, 14:33
Russian senator says Morgan Freeman used instead of evidence in anti-Russian videoRussian Politics & Diplomacy September 21, 14:17
Moldova’s liberals initiate presidential impeachmentWorld September 21, 14:06
Fan-ID system helped against racism during FIFA Confederations Cup — officialSport September 21, 13:35
Russian warship sails through English ChannelMilitary & Defense September 21, 13:12
Kremlin slams attempts to brand Russia as aggressor while discussing UN mission to DonbassRussian Politics & Diplomacy September 21, 13:07
Press review: Peacekeepers in Ukraine stalled and Russia suspects US leak to IslamistsPress Review September 21, 13:00
Kremlin shares Defense Ministry's stance on US role in militants’ attack in SyriaRussian Politics & Diplomacy September 21, 12:36
Admiral Essen frigate returns to Sevastopol from Mediterranean SeaMilitary & Defense September 21, 12:03
MOSCOW, April 19. /TASS/. Oil production in Russia will be about 537 mln tonnes in 2017, followed by decline, First Deputy Energy Minister Alexey Teksler said on Tuesday on the sidelines of the National Oil and Gas Forum.
"We assume we will reach the plateau. A long-term fluctuation is most likely [after reaching the oil rate plateau - TASS] to take place then. My forecast for the next year - 537 mln tonnes," the official said.
Russia produced the record-breaking 534 mln tonnes in 2015. The Energy Ministry expects production will rise to 536-540 mln tonnes this year.
The official noted that Russia would export about 254-255 mln tonnes of oil in 2016.
"254-255 mln tonnes," the official said responding to the question regarding the ministry’s oil export outlook for 2016.
Russian companies will refine about 274-275 mln tonnes of oil this year, Teksler said.
According to Teksler, the Russian Energy Ministry admits the Russian oil major Rosneft may not be privatized in 2016.
"Everything is possible," Teksler said. This will depend on many circumstances, he added.
Russian President Vladimir Putin announced the decision of the state to sell stakes in Rosneft, Bashneft, VTB, Alrosa, and Sovcomflot in 2016.
Russia’s Rosneftegaz holds over 69.5% shares in Rosneft. BP holds 19.75% in the Russian oil major.
As for Bashneft, it's goung to be privatized this year.
"We held the meeting. We discussed the schedule; Bashneft will be privatized by 2016 year-end," the official said.
The federal government’s stake in the oil producer was discussed, Teksler said. Criteria for potential strategic investors into Bashneft will be determined and discussed in the government later on, he added.