Minister says Russia expects 520 mln tons oil output in 2013

Minister says Russia expects 520 mln tons oil output in 2013

PanARMENIAN.Net - Energy Minister Alexander Novak said Saturday, Dec 7, that Russia will pump more than 520 million tons of crude oil in 2013, a post-Soviet record, according to RIA Novosti.

“This year we expect oil [output] to be about 520 million tons, despite setting a goal of pumping between 505 to 510 million tons,” Novak told reporters during a trip to the United States for meetings with his US counterpart.

In 2012 Russia produced 518 million tons of oil, up from 511.4 million tons in 2011.

Related links:
 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---