MOSCOW: Russia expects its oil manufacturing to extend after the present OPEC+ deal on output curbs runs its course in April 2022, information from the financial system ministry revealed on Saturday confirmed.

Russia, which the ministry expects to provide 507.four million tonnes of oil this 12 months, is seen rising its manufacturing over the subsequent three years to 560 million tonnes, or 11.2 million barrels per day, in 2023.


Ministry information forecasts a rise in oil exports to 266.2 million tonnes by 2023, barely decrease than final 12 months’s exports.

The ministry forecast oil exports of 225 million tonnes this 12 months, down from 269.2 million tonnes in 2019.

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