Russian Deputy Prime Minister Alexander Novak said that the Russian Federation can produce at least 490-500 million tons of oil in 2023. He said this in an interview TASS.
“I do not ignore the risks of reduction in production at certain periods in 2023. Maybe we can reduce it by 7-8% at the peak. However, we will produce at least 490-500 million tons throughout the year. However, a lot of things will still depend on logistics,” he said.
Novak noted that despite the European Union’s embargo on this fuel, there will be demand for Russian oil and petroleum products next year.
December 5 entered into force Embargo on Russian oil accepted by European Union countries, G7 and Australia. Since then, the EU has officially stopped importing Russian oil by sea. In addition, the G7 countries and Australia refused to transport and insure Russian oil at a price of more than $60 per barrel.
On December 23, Novak waits After the entry into force of the embargo, which is expected to come into effect on February 5, 2023, on oil products by Russia, there was a sharp increase in the prices of petroleum products in Europe.
Former Russian President Vladimir Putin promise Adopt a decree on retaliatory measures to the oil price ceiling on 26-27 December. According to him, Russia is not harmed by reducing oil prices and selling fuel at “approximately these prices”.