MOSCOW, 14 Oct. Oil production in 2015-2016 will amount to 532-533 million tons in 2017 may decrease due to withdrawals, told reporters by energy Minister Alexander Novak.
“We believe the expected production in 2015. This year we expect growth of 1.3%, 532-533 million tons. Our company confirmed that approximately the same level in 2016 will be achieved. Considering tax exemptions, the risk of a decline in production occurs in 2017. Because this inertial process, adainville 2016 will affect production in 2017. In General, the strategy we are laying the level of production (yoy) to 525 million tons,” he said.
Earlier Wednesday, speaking at the RUIE management Board meeting, Novak said that in the future the decline in production in connection with growth of the load on the oil industry may amount to 5-6 million tons per year.