Russia anticipates its oil output to drop by 8.4% this year : TASS
Moscow’s average daily oil and gas condensate production amounted to 1.398 mln tons from May 1 to 15, 2022
By Ishika Dangayach
Published - May 26, 2022, 07:21 AM ET
Last Updated - Feb 29, 2024, 02:14 PM EST
Russia's oil output is likely to fall to 480-500 million tons this year, down from 524 million tons in 2021, said Deputy Prime Minister Alexander Novak, Russian news agency TASS reported.