Russia’s oil production up by 2% despite sanctions: Putin

TEHRAN, Jan. 17 (MNA) – Oil production in Russia increased by 2% to 535 million tons despite sanctions against Moscow, Russian President Vladimir Putin said on Tuesday, according to media reports.

“Despite sanctions pressure, oil production in Russia increased by about 2% in 2022, the production volume amounted to 535 million tons,” Putin said at a virtual meeting on economic issues. media have reported.

Earlier on Monday, Russian Deputy Prime Minister Alexander Novak highlighted that the country’s oil and gas revenues increased by 28%, amounting to  2.5 trillion rubles ($36.7 billion).

In a briefing, Novak noted that in 2022, Russia’s oil production increased by 2% reaching 535 million tonnes, while overall exports rose by 7%.


News Code 196294


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