Arabia, could decline this year, a few years ahead of separate forecasts by the Energy Ministry and the Paris-based International Energy Agency. Bearing the grim news, Natural Resources Minister Yuri Trutnev told local reporters that rising cost, and material and labour shortages are causing work delays at oil fields across the country. The government had…
RUSSIA: Oil production could decline this year, ahead of forecasts by Energy Ministry and IEA
Posted on March 30, 2008 by EnergyAsia