Russia Aims to Produce 510M Tons of Oil Annually by 2010 — Energy Minister

Russian oil output could peak at more than 510 million tons annually in 2010, or 10.2 million barrels per day, Russian Industry and Energy Minister Victor Khristenko said on Monday, Oct. 24.

“It will reach a certain plateau of production within the time frame of 2010,” Khristenko, quoted by the Reuters agency, told reporters. That plateau would be about 510 to 520 million tons a year, he said, or the equivalent of about 10.2 to 10.4 million barrels per day.

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