Why is Russia's oil production currently lower than at the start of the year, according to Deputy Prime Minister Novak?

According to Deputy Prime Minister Alexander Novak, Russia's oil production is currently lower than at the start of the year due to 'unscheduled maintenance' at a number of its oil refineries. He stated this during the St Petersburg International Economic Forum, attributing the decline directly to these unplanned maintenance activities, and emphasized that production is expected to recover as refineries return to full operational mode.

What did Novak say about Russia's export infrastructure and future production outlook?

Novak said that Russia is 'utilizing our export infrastructure to its maximum capacity' amid the refinery maintenance, and added that 'as the refineries return to full operational mode, production will increase and return to its previous levels.' This indicates an official expectation of temporary disruption and a near-term rebound once maintenance is completed.

Russia's Novak says oil production lower than start of year due to 'unscheduled maintenance' at refineries

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Russia's Novak says oil production lower than start of year due to 'unscheduled maintenance' at refineries — ChemBrief Topics

Russia's Novak says oil production lower than start of year due to 'unscheduled maintenance' at refineries

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