“As for Russia, we expect to reach the levels that we produced before the cuts by May,” Novak was quoted as saying by TASS.
According to him, “next year the oil industry will produce more than in 2021”.
The Deputy Prime Minister clarified that in 2022 production is expected at the level of about 540-550 million tons.
Earlier, Novak said that at the moment there are many uncertainties in the situation with the impact of the new version of the omicron coronavirus on oil consumption.