Russian Ministry of Economic Development increases forecast of oil production in 2013

The Russian Ministry of Economic Development expects increase of oil production in Russia to 522 million tons in 2013 as compared with 518.7 million tons in 2012.

Earlier the oil production was expected to increase by 0.2% in 2013 to 520 million tons.

By results of 2013, the oil export may decrease by 1.2% to 237.1 million tons because of growth in the oil processing at Russian refineries.

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