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Energy Ministry: Russia will keep oil production stable until 2025

Photo by Appolinary Kalashnikova on Unsplash

This was announced by First Deputy Head of the Ministry of Energy of Russia Pavel Sorokin.

“According to current forecasts, oil production on the horizon until 2025 will be at a stable level,” TASS quoted him as saying.

Sorokin noted that the wells will not have to be preserved if the production level is stable.

Earlier, the Russian Finance Ministry declares that the duty on Russian oil exports will increase by $0.1 starting May 1.

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