MOSCOW, Sept 10 (Reuters) - Russia will produce 525 million tonnes of oil in 2035 according to the country’s baseline energy strategy, RIA news agency reported on Thursday, citing a deputy energy minister.
Alexei Texler from Russia’s Energy Ministry also said Russia would refine 240 million tonnes of oil in 2035, adding that the data were preliminary and were yet to be agreed with the Russian government.
Russia produced around 527 million tonnes of oil in 2014 and refined around 290 million tonnes, RIA said.
Igor Sechin, chief executive of Russia’s top oil producer Rosneft, said last week that Russia could increase its oil production to as much as 700 million tonnes of oil per year (14 million barrels of oil per day).
Russia, one of the world’s top oil producers, has been producing oil at a post-Soviet high of around 10.7 million barrels per day in recent months. (Reporting by Alexander Winning; Editing by Vladimir Soldatkin and Susan Thomas)