“At an average price of $ 60 per barrel, budget revenues will amount to more than 400 billion rubles in addition.
This is a positive moment, because this is a recovery in investment activity, including for our oil industry.
These are additional orders for industry, additional income of the constituent entities of the Russian Federation, ”Novak said.
He explained that the decision to increase production was made, among other things, due to the shortage of oil and oil products.
On July 18, the OPEC + countries agreed to increase production by 400 thousand bpd until they return 5.8 million bpd to the market, and also extended the deal until the end of 2022.