Exclusive-Russia sees its oil output falling by up to 17% in 2022 -document -Breaking
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© Reuters. FILE PHOTO A view showing the general layout of the Lukoil oil refinery in Volgograd Russia, April 22nd 2022. Picture taken April 22, 2022. Photograph taken using a drone. REUTERS/REUTERS PHOTOGRAPHER/File photo
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© Reuters. FILE PHOTO A view showing the general layout of the Lukoil oil refinery in Volgograd Russia, April 22nd 2022. Picture taken April 22, 2022. Photograph taken using a drone. REUTERS/REUTERS PHOTOGRAPHER/File photo2/2
(Reuters] Russia’s oil production could fall as high as 17% in 2022. A document by the ministry of economy was seen by Reuters Wednesday. The country is currently struggling with Western sanctions.
The document states that Russian oil production could fall to 433.8 Million to 475.3 Million tonnes, or between 8.68 and 9.5million barrels per hour in 2022 and 524 millions tonnes in 2021.
The document also showed that oil and natural gas exports are expected to fall this year.
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