OPEC expects oil production growth in Russia in 2022

Federal news agency
Federal news agency

Representatives of the OPEC cartel have once again revised the forecast for the production of oil, gas condensate and other gas condensate liquids in Russia this year, the press service reports.

Analysts suggest that this indicator in the Russian Federation will not decline, as previously thought, but will grow by 80 thousand barrels per day – up to 10.9 million.

The forecast is revised upwards by 0.25 million barrels per day compared to last month’s estimate due to higher production in the last couple of months.

It is expected that the production of liquid hydrocarbons in the country in 2023 will decrease by 0.4 million barrels per day and amount to 10.5 million barrels.


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