Registration was successful!
Please follow the link from the email sent to

Oil Production in Russia to Drop to 310Mln Tons by 2035

Oil production in Russia may fall to 310 million tons from the current 525 million tons by 2035 given a tougher tax regime amid low oil prices and sanctions, according to LUKoil Vice President Leonid Fedun.

SOCHI (Sputnik) — A negative outlook stipulates a drop in oil production to 310 million tons by 2035, under a moderate scenario the production will fall to 497 million tons and under a target scenario to 502 million tons, according to materials prepared by Fedun for a round-table discussion.

"Should the tax burden increase, the goal for the stabilization of [oil] production in Russian will not be achieved," the materials read.

To participate in the discussion
log in or register
Заголовок открываемого материала