Russian oil production exceeded expectations

Russian oil production exceeded expectations

Russian oil production exceeded expectations

According to Reuters news agency from Stavanger, Fatih Birol (IEA) said on the sidelines of a conference in Stavanger: Russia’s oil production has exceeded expectations following the Moscow-Kiev tensions, but with the start of Western sanctions against Russia, it can hardly maintain its production level. slow

He added: In the absence of development companies, technology providers and service companies, it will be very difficult for Russia to maintain the level of production.

The head of the International Energy Agency stated: Russia’s domestic demand has been maintained at a favorable level so far, and the country offers many discounts to non-European buyers.

Birol stated: The member countries of the International Energy Agency will be able to withdraw more oil from the strategic reserves when the current plan expires in November.

He added: We still have a significant amount of reserves.

The head of the International Agency continued: If the member countries of the International Energy Agency believe that there is a need to withdraw from the reserves as a result of the supply disruption, I am sure they will have this option on the table.

Birol said earlier: It is possible that Russia will increase the burning of flare gases in the coming months when the country’s reserves are full.

He stated: Trust in Russia as an energy supplier around the world has been lost after the Moscow-Kiev tensions and the reduction of gas supply to Russia, and the loss of Europe as a partner will be traumatic for Moscow.

Birol said during the question-and-answer session at the conference: Russia will not win the energy battle.

He stated: The upcoming winter will be a test for European solidarity, and if this continent fails in the test, its impact may go beyond the current energy crisis.

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