Russian oil output at Soviet-era levels

Despite calls from several OPEC countries to for a halt in the oil price war, in November Russia's oil output climbed to levels which have not been seen since 1990.
Photo: Gazprom
Photo: Gazprom
BY MAZ PLECHINGER, ENERGIWATCH

Political observers have long suggested that an increasingly self-confident Russia is acting more and more like its former Soviet incarnation. The statement certainly applies to the country’s oil output, with new figures from November showing that oil production reached 10.78 million tons per day in October. This is the highest level since the Soviet Union's collapse in 1991.

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