3/15, 10:39 AM (Source: TeleTrader)
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Russia expects oil, gas output to decline in 2023

Russian Energy Minister Nikolay Shulginov said on Wednesday that the government expects a decline in the production of oil and gas products this year, partly due to external pressures.

Speaking before the lower house of the Russian parliament (the State Duma), Shulginov explained that the oil output will be slightly lower due to a voluntary reduction. At the same time, he said that the gas output will keep decreasing due to measures imposed by the European Union.

Baha Breaking News (BBN) / ND