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    Russia raises oil exports forecast for 2022 to 273.8 million tons: TASS


    September 21, 2021 - CE Noticias Financieras

     

      MOSCOW, Sep 21 (Reuters) - Russia has raised its forecast for oil exports in 2022 by 6.7 percent from previous projections to 273.8 million tonnes, TASS news agency reported on Tuesday, citing the draft budget, as the country ramps up production.

      The forecast for natural gas exports in 2022 has been revised down by 3.3% to 230.5 billion cubic meters, according to TASS.

      It has also said Russian oil production would stand at 516.8 million tons this year and is expected to rise to 559.9 million tons in 2022.

      OPEC's major oil producers, including Russia, have increased their oil output to meet improving global demand, driven by the easing of pandemic-related restrictions.

      Russia expects its oil production to reach its pre-crisis level by May 2022.

      Russia's output fell last year for the first time since 2008 and reached its lowest level since 2011 as part of the OPEC+ pact.

      The country's oil exports are forecast at 220 million and 230 million tons this year, down from 239 million tons in 2020, depending on domestic needs. (Reporting by Maria Kiselyova and Vladimir Soldatkin; edited in English by Gabriela Donoso)

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