Russia’s oil output plunges to LOWEST in nearly a decade ...News

Russia Today - Economy
Russia’s oil output plunges to LOWEST in nearly a decade
source : Russia Today ( News ) () 7
Oil and condensate production in Russia fell for the first time in 12 years and reached nine-year lows in 2020, as one of the major global oil exporters supported the historic OPEC+ deal to boost a pandemic-hit energy market. Last year Russia pumped 512.68 million tons of crude and condensate, meaning that the production volume decreased 8.6 percent compared to 2019, according to TASS, citing data from the statistical unit of the country’s Energy Ministry, CDU-TEK. Last year’s oil production almost reached the levels of 2010, when it stood at 512.3 million tons.  The decline followed a record output level in 2019, when the nation’s pro

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