The decrease in the daily level of crude oil production in the Russian domestic market has so far been recognized only for March of this year. Further steps will depend on the evolution of the situation in the global energy market. opens Words of Deputy Prime Minister Alexander Novak TASS.
On February 10, Novak announced that in the first month of spring 2023, Russia plans to reduce its oil production by 500,000 barrels per day. In this case, the decision should only concern crude oil and not condensate.
“We will monitor how the situation in the market develops and the decisions in the market will be made accordingly. So far (the decision to reduce daily oil production in Russia – socialbites.ca) has been made only for the month of March, ”Novak said.
According to him, the volume of reduction in the production of raw materials by Russian companies will be proportional to the level of oil production. The deputy prime minister stated that the final decision on each company will be made “depending on production”.
February 20 Bloomberg cites ship tracking data reportedHe reported that Russia increased its oil exports to 3.6 million barrels per day between February 10 and February 17, 2023. This came despite plans to reduce domestic raw material production by 500,000 barrels per day in March this year.