This year Russian oil production to total 517 million tons

This year oil production in Russia will total 517 million tons, according to the preliminary information, Mikhail Gryaznov, chief of the Ministry of Energy’s Department, said at the conference Russian Oil and Gas Industry.

He said the production growth has been ensured at the expense of growth of investments into the field and a successful implementation of the mechanism 60-66 has allowed satisfying the growing demand in fuel.

It has been earlier reported that the Ministry of Energy planned the oil production at 515 million tons, reported http://itar-tass.com.--0--

 

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