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Russia hopes to annually export 50 million tons of oil to U.S. - Putin

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ST. PETERSBURG, June 25 (RIA Novosti) - Russia will hopefully export 50 million tons of oil to the U.S. annually, President Vladimir Putin said Saturday.Russia intends to promote oil and natural gas production and increase exports of energy carriers, particularly, to the United States, Putin said at the meeting with U.S. businessmen.

"By late June, Russian Industry and Energy Minister Khristenko, Economic Development and Trade Minister Gref, U.S. Secretary of Energy Bodman and Secretary of Commerce Gutierrez should submit a report on practical projects of Russian LNG supplies to the U.S. and increase of Russian oil exports by means of developing new fields and infrastructure," Putin said.

"As a result, the U.S. could annually import 50 million tons of Russian oil without extra investments," the president added.

He said that it would contribute to the world and U.S. economic stability.

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