Last year this level was 526,3 million tons, said the head of Ministry Alexander Novak.
ANTALYA (Turkey), 16 Nov. Minister of energy Alexander Novak expects that Russia will come to the rate of oil production by the end of 2015 at 533 million tonnes.
“We see that we are now in terms of production maintain the achieved levels that were. Even this year there will be some increase. If last year we had 526,3 million tons this year, according to the companies, we expect the output of 533 million tons of production,” said Novak journalists.
He noted that this was slightly above forecasts. “That is, the excess of 8 million tons, we consider this additional volume to our company through investments to increase due to the development of new fields, mainly now which give effect, due to the fact stimulating mechanism, which was created on benefits of new deposits and the creation of return on investment,” added the Minister.