Russia Can Export 254-255 Mln Tonnes of Oil in 2016

Russia's oil exports this year could reach 254-255 million tonnes if output comes in at 540 million tonnes, Deputy Energy Minister Alexei Teksler said on Tuesday.

 

Teksler said, however, output may be higher than 540 million tonnes, but might fall next year to 537 million tonnes.

 

He also said the privatisation of crude producer Bashneft should happen by the end of the year, according to the schedule.


(Reporting by Olesya Astakhova; writing by Lidia Kelly; editing by David Clarke)