Russia's Oil Exports to Grow by 16Mln Tonnes by 2019

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The Economic Development Ministry expects Russian oil exports to increase by 16 million metric tons by 2019.

MOSCOW (Sputnik) — Russia's oil exports are expected to grow by 16 million metric tons by 2019, the Economic Development Ministry said in an adjusted forecast on Tuesday.

"A significant increase in oil exports is expected by 2019 — by 16 million tons with the simultaneous increase of the share of non-raw material exports in the overall exports volume up to 34.9 percent in 2015 prices," the forecast says.

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