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Russias oil production in Arctic may hit peak in 2020s

February 16, 2018/ 10:00

St. Petersburg. Russia’s oil production in the Arctic will reach peak levels in the 2020s, head of the state commission on natural resources Igor Shpurov said on Thursday.

Over 2017, he said, Russia produced in the Arctic about 76 million tonnes of oil, and the production would be growing to 2026 hitting a record of 122 million tonnes a year, told TASS.

 

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