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Russian Crude Production Unchanged Dec-Jan: Novak

OIL

Russian oil companies are maintaining production at the level of December in January according to Deputy Prime Minister Alexander Novak.

  • "January hasn't finished yet, but [production] is currently at the level of December," Novak said.
  • "We talked about how there is a risk for us of a decline in production, but a decline in our production hasn't been observed yet. We're going to gauge, to watch. Our companies are operating, maintaining production and export capabilities as much as possible," he said

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