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08.12.2008, 11:05

Russia to increase oil and gas production

Oil production in Russia will grow to 530 million tons a year and gas output will reach 706 billion cubic metres annually by 2030, the Ministry of Energy announced today.

Can oil production boost bring down rising costs?

Published: 23 June, 2008, 11:49


Oil producers and consumers have gathered at the Jeddah Energy Meeting where Saudi Arabia announced it could boost production – depending on consumer demand.

 
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