"We have a tendency toward [oil] production growth, and we can maintain this trend. We have reached agreements with OPEC to keep production at January's level. As of January 11, the increase in production was 1.9 percent," the deputy minister told reporters.
There is a possibility of boosting production by exploring new untapped gas reserves, he noted.
On December 11, Molodtsov said Russia's oil output would reach 533.6 million metric tons in 2015.