Alexander Novak: Oil Production in Russia in 2025 Will Decrease to 515-520 Million Tons
The volume of oil production in Russia in 2025 is projected at 515-520 million tons. This was announced to journalists by Russian Deputy Prime Minister Alexander Novak.
“Around 515-520 million tons,“ he said, answering a question about the forecast for oil production this year.
By the end of 2024, oil production in the Russian Federation amounted to 516 million tons.
At the same time, Novak noted that compared to 2024, production may be slightly lower this year, as Russia has brought production levels in line with the OPEC+ schedule. According to him, in general, this will be a slight deviation from the volume of 2024.
