Оil production in the russian federation will decrease by 20%

14.11.2022, 14:35 rada.gov.ua

At the beginning of next year, oil production in russia will decrease by approximately 20%, as the ban of the European Union on the import of crude oil and petroleum products comes into force. A gradual decrease in oil production in russia will begin already this month, the IEA report says. The agency expects production to fall by 2 million barrels per day by early 2023.