Kremlin airs its views on 'mass protests' in RussiaRussian Politics & Diplomacy March 27, 13:41
Lavrov says West expresses double-standard reaction to protests across RussiaRussian Politics & Diplomacy March 27, 13:40
Rouhani says Iran's energy sector offers huge potential for Russian investmentBusiness & Economy March 27, 13:26
Press review: More US sanctions against Russia and Moscow ready for deeper oil output cutsPress Review March 27, 13:00
Le Pen says France’s National Front receives no funding from RussiaWorld March 27, 12:30
Lavrov urges Europe to work harder towards implementing Minsk dealRussian Politics & Diplomacy March 27, 12:07
About 700 artillery troops engaged in Crimean coastal defense drillsMilitary & Defense March 27, 12:06
Italian top diplomat urges to restore dialog between Russian and EUWorld March 27, 12:01
Eurovision scrambles to ensure Russia’s participation in Kiev-hosted song contestSociety & Culture March 27, 11:41
MOSCOW, December 26. /TASS/. Russian oil producers plan to increase exports next year, Deputy Energy Minister Kirill Molodtsov said Monday.
"This year we plan (to export) around 253.5 (mln tonnes of oil), which is a 4.8% increase compared with 2015. In 2017, there will be an increase," he said.
According to Molodstov, the country’s pipeline system allows to boost crude exports, though much will depend on how the agreement on oil production cut made by Russia with OPEC countries and 10 non-OPEC members will be implemented.
Russian crude producers plan will reduce oil refinery by 2.5% in 2017 to 270 mln tonnes, Molodtsov said, adding that the reduction is related to increased oil refining depth.
"Taking into consideration the fact that this year’s oil production will stand at 547.2-547.5 mln tonnes, refinery will be 277 mln tonnes as expected in 2016, which is an around 2% decrease (versus 2015 - TASS). I think that next year refinery may drop to 270 mln tonnes, which will be mainly related to increased refining depth," he said.