// IP Marketing video - START// IP Marketing video - END

Russia to boost oil, gas output in 2014: deputy minister

Russia to boost oil, gas output in 2014: deputy minister

PanARMENIAN.Net - Russia will increase oil production this year by 0.3 percent to 525 million tons and boost its natural gas output by 4.8 percent to 700 billion cubic meters, the country’s Deputy Energy Minister said Wednesday, Feb 13, according to RIA Novosti.

“We could increase gas production even more, but there are issues with storage, transportation and consumption,” Kirill Molodtsov said.

The boost in oil output is expected as a result of launching new fields last year, he said.

In 2013, Russia produced just over 523 million tons of oil and 668 billion cubic meters of gas, according to state statistics.

Related links:
 Top stories
Armenia's foreign debt amounts to $4.3 billion as of March 2017, while that of the central bank totaled $517.9 million.
According to Vardanyan, IDeA and its partners and donors have since 2007 invested more than $550 million in various projects in Armenia.
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
The government has made a decision to allocate to Sastex the building of the former regional hospital and the adjacent areas.
Partner news