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The Russian Ministry of economic development predicts that Russia's oil and gas production will decline this year

2022-05-20   

According to a report released by the Russian Ministry of economic development recently, Russian oil production in 2022 is expected to decline by 9.3% over the previous year to 475.3 million tons; Natural gas production fell by 5.6% to 720.9 billion cubic meters. The report predicts that Russia's crude oil exports this year will be 228.3 million tons, down 1.2% from the previous year; The export volume of petroleum products decreased by 20% to 115.3 million tons; Natural gas exports decreased by 10% to 185 billion cubic meters; LNG exports increased by 5.5% to 30.7 million tons. Russian Deputy Prime Minister Novak said on the 19th that Russia will ensure its own energy security under any circumstances. There are no serious problems in Russian oil production. Russia is looking for new export opportunities, partners and financing. If Europe rejects Russian oil, Russia will redistribute oil exports. (Xinhua News Agency)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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