Business & Economy

Russia cuts oil and gas production

The Russian Energy Minister announced that his country will reduce its production of oil and gas this year, and this comes after the Russian imports of the two substances to European countries stopped.
The Russian Energy Minister said that “Russia will reduce its gas production by approximately 7% in 2022.”
He added, “Russia will mostly reduce its oil production by about 2% this year.”
This decision comes due to some European countries banning Russian oil and gas imports, despite Russia’s tendency to export the surplus to the Chinese and Indian markets.

قيم هذا المقال | Rate this post

Related Articles

Leave a Reply

Back to top button