The government will assess the risks of reducing oil production in Russia
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In 2023, the risks of reducing oil production remain, said Russian Deputy Prime Minister Alexander Novak. He added that in the near future the government is going to evaluate them.
“Yes, there are risks. But we will evaluate them in the near future,” Alexander Novak told reporters (quoted from “Interfax”).
On December 5, the price ceiling for Russian oil came into force, and on February 5, for oil products. By estimated According to the International Energy Agency, due to the price ceiling, Russia’s oil and gas revenues fell in January by 30%, or about $8 billion. According to the Helsinki Center for Energy and Clean Air Research (CREA), the price ceiling costs Russia €160 million ($172 million) daily, after February 5, daily losses will rise to $280 million.
By information “Kommersant”, because of the threat of a reduction in revenues, the Russian government is going to tie the calculation of oil taxes to the price of the Brent brand.
The day before, Kommersant reported that in the first week of February, Russian oil companies increased the production of raw materials in Russia by 0.7%, to 1.491 million tons per day (relative to the average level in January). During the year, oil producers were almost able to restore the level of pre-sanction oil production.
More details – in the publication “Kommersant” “Loot comes true”.
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