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Russia's 2022 oil output expected at 525 mln tonnes, exports at 204 mln tonnes
MOSCOW. Sept 21 (Interfax) – Russia’s oil production is expected to total 524.9 million tonnes in 2022 versus the projected 506 million tonnes in 2021, according to an explanatory note to the draft federal budget for 2022 and the planning period for 2023-2024.
The country’s oil output is forecast to decline to 519.9 million tonnes in 2023 and to 514.8 million tonnes in 2024.
Russia’s oil exports are projected to total 204.2 million tonnes in 2022, to rise to 221.1 million tonnes in 2023, and to decrease to 214.2 million tonnes in 2024.
