en.Wedoany.com Reported - Russian Deputy Prime Minister Alexander Novak told reporters at the St. Petersburg International Economic Forum (SPIEF) that Russia's current oil production is lower than at the beginning of 2026, with some refineries undergoing maintenance, but export terminals are operating at full capacity.
"Current output is indeed slightly lower than at the start of the year," Novak noted. He further explained that several refineries are conducting unscheduled maintenance, and in this context, Russia is fully loading its export infrastructure.
As refineries resume operations, oil production is expected to gradually return to previous levels. Accordingly, Russia anticipates that oil output this year will meet the quota levels under the OPEC+ framework.
Russia's oil production quota under the OPEC+ framework for June is 9.762 million barrels per day.
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