Russia sees oil output rising after OPEC+ deal expires in 2022: Economy ministry
Updated : September 26, 2020 07:31 PM IST
Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022.
Ministry data forecasts an increase in oil exports to 266.2 million tonnes by 2023, slightly lower than last year’s exports.
The ministry forecast oil exports of 225 million tonnes this year, down from 269.2 million tonnes in 2019.