Russia oil production soars to 11.3 million barrels daily

MOSCOW, Russia’s oil production increased during the first half of this month to approximately 11.3 million barrels per day, authoritative oil sources said Monday.

Interfax news agency quoted the sources as saying that the crude oil output rose in first of half of the current month to 1.5 million tons per day, equivalent to 11.3 million barrels.

Russian Minister of Energy Alexander Novak, in a statement to journalists, expressed readiness to cooperate with the United States of America to ensure global oil markets.

Novak held talks with his US counterpart Rick Perry, last week, regarding stabilization in the global oil markets.

He also discussed, on Sunday, with his Saudi Arabia Counterpart Khaled Al-Faleh means of developing long-term cooperation among all countries that export and imports oil.

Source: Kuwait News Agency