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Russian Energy Ministry plans to revise oil production outlook for 2016

September 01, 13:55 UTC+3
Oil production is set at 544 mln tonnes in the current ministerial outlook
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© Ruslan Shamukov/TASS

VLADIVOSTOK, September 1. /TASS/. The Russian Energy Ministry keeps the domestic oil production outlook for 2016 at the level of 544 mln tonnes and may revise it after September, First Deputy Minister Alexei Teksler said on Thursday.

"We will revise it [the oil production outlook] at the end of 9 months," the official said. Oil production is set at 544 mln tonnes in the current ministerial outlook, he added.

It was reported earlier the Ministry forecasts oil production to be at the level of 542-544 mln tonnes this year.

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