// 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
Mount Maymekh will become a skiing zone under a new project which will attract about $30 million in investments and create some 1600 jobs.
Armenia would become a rock-bottom option in the Eastern European region, maybe in the world, for citizenship through investment.
Cryptocurrency fever seems to have spread to the former Soviet republics with Armenia, the land of Mount Ararat, being one of them.
Armenia’s exports grew 25% in 2017 against 2016 to amount $2,242 billion overall, the National Statistical Service reveals.
Partner news