Energy Minister: russia to remain global oil industry leader in long term
"Russia is currently the leader of the global oil industry and will remain as such on a long-term horizon. Our strategy provides for maintaining oil production at the current level, even with a small increase," the minister said.
Nevertheless, Russia needs to undertake incentivizing measures currently discussed by the government to maintain oil production, Novak added, told TASS.
Russia can produce 551-555 mln tonnes of oil in 2018, the minister said earlier.