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Tag: Nikolay Shulginov

Russia to cut oil and gas production in 2023

Moscow will cut oil and gas production in 2023, mainly due to Europe's refusal to buy Russian hydrocarbons and the inability to quickly redirect these volumes to Asia, Russian Energy Minister Nikolai Shulginov said on Wednesday. “We expect that in 2023 the level (of oil production) will be somewhat lower, including through a voluntary...