Despite record-low oil prices versus 2014 when the Russian black gold production amounted to 526.7 mln tonnes, it is expected to reach 533 mln this year. The growth is observed in other exporting countries too. Besides, Iran, which plans to regain its pre-sanction export indicators, will enter the market very soon.
Russia will Maintain Stable Contracts with Europe
'First of all, we maintain stable contracts with Europe. We are discussing ways to supply in the future, through which pipelines and through which countries, and this is the most important thing,' commented on the current situation Leonid Grigoriev, the Chief Adviser to the Head of the Analytical Center, in his interview to a reporter of the 'Energetika' ( trnsl. power industry) program at Russia-24 TV Channel. 'South Stream' and 'Turkish Stream' have failed this year, according to the expert. 'These are very costly projects and if we are able to deliver gas under contracts in any other way, we will supply in such a way. In fact, Turkey and the Balkan countries have lost much more there,' said Mr. Grigoriev.