The Government of the Russian Federation has extended the suspension of publication of statistics on oil, gas and condensate production until April 1, 2025. This comes from the Decree of the Council of Ministers signed by Russian Prime Minister Mikhail Mishustin and published in 2019. Web site Official publication of legal regulations.
As stated in the document, the relevant change was made by order of the Russian government dated April 26, 2023 N 1074-r.
It is stated that exceptions can be made with the decision of the Prime Minister and his deputies.
The publication of data on oil and gas production in the country has been suspended from March and data from the first quarter of last year.
On March 4, Russian Deputy Prime Minister Alexander Novak said that the country’s will reduce Oil production and exports increased by 471 thousand barrels per day.
On February 13, the Organization of the Petroleum Exporting Countries (OPEC) maintained its global oil demand growth forecast for 2024 and 2025 at 2.2 million barrels per day and 1.8 million barrels per day, respectively.
Previously Novak saidwhen the world begins to abandon oil and gas.