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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.

Russian oil industry get more tax breaks

Published: 06 June, 2008, 04:58


With falling domestic output in Russia, the government is pushing to cut oil taxes in the industry. Rosneft, a leading Russian oil producer, has held a meeting attended by leading representatives of the oil industry.

 
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