Russia to Reduce Oil Export

Politics ♦ Published: July 11, 2013; 18:17 ♦ (Vindobona)

Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.

Russia to Reduce Oil Export / Picture: © Vindobona.org

The oil industry in Russia has made a record for the daily production in 25 years. 10.53 million barrels of oil were produced on an average daily basis in June, according to data published by the State's Central Dispatching Department of Fuel and Energy Complex (CDU TEK).

A higher production was only made in 1988 with 11.07 million barrel a day. From that time on, production…

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