20 Feb 2024 15:34

Russia to cut oil output to 523 mln tonnes in 2024, boost gas production to 667 bcm, reduce oil refining slightly - Energy Ministry

MOSCOW. Feb 20 (Interfax) - The preliminary plan for oil and condensate production is 523 million tonnes for 2024, and gas production is 667 billion cubic meters, Russian Energy Minister Nikolai Shulginov said at a press conference at the "Russia" Forum.

"Processing is slightly lower," Shulginov said.

Russia produced 530 million tonnes of oil with condensate in 2023, gas production totaled around 637-638 bcm, and oil refining totaled 275 million tonnes.