“The expected average annual growth rate of global demand (for petrochemical products. -

RT

) is somewhere under 4%.

And in the next five years, the demand for oil will rise by 1%.

And then there will be a general decline.

By 0.1 ", - quoted by RIA Novosti Putin.

Earlier, Deputy Prime Ministers of Belarus and Russia Yuri Nazarov and Alexander Novak discussed cooperation on oil and gas supplies to the republic.

RISS expert, candidate of economic sciences Mikhail Belyaev commented in an interview with RT on the situation with oil prices.