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Russia’s oil output down 2.8%, gas production up 7.6% in 2024, deputy PM says

Russia’s oil and gas condensate production reached 516 million metric tons, or 10.32 million barrels per day, in 2024, Deputy Prime Minister Alexander Novak told the energy ministry’s in-house magazine on Thursday, around 2.8% lower compared to 2023. Russia has been holding down its oil production due to an agreement with the Organization of the ...

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