Business & Economy

Russia to Produce Around 515 Million Tonnes of Oil in 2026: Deputy PM

Oil production in Russia in 2026 is projected to be about 515 million tonnes, Russian Deputy Prime Minister Alexander Novak said on Friday.
Sputnik
"We proceed from the established forecast value ... 515 [million tonnes]," Novak told reporters.
Russia's Energy Ministry, the Federal Antimonopoly Service and oil companies are developing agreements to increase fuel supplies to the domestic market, Novak said. The Energy Ministry must set quotas for these supplies based on total national fuel production, he said.
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