Russia expects its oil and gas production to fall this year compared to 2022, partly due to the production cuts announced for March, Russian Energy Minister Nikolai Shulginov told lawmakers on Wednesday. “For 2023, we expect oil production levels to be slightly lower, also because of the voluntary reduction in output,” Shulginov was quoted as saying by Russian news agency Interfax.
“Gas production volumes will continue to decline both due to the abandonment of the European market and the timing of the re-routing of energy…Russia Expects Its Oil And Natural Gas Production To Drop In 2023
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