Oil production in Russia could go down automaticaly, because of slump of oil prices, but not decisions of the authorities, said Russian Energy Minister Alexander Novak. Oil export from Russia could decrease, because of preservation of the production level and growth of local consumption.
Russian Energy Minister said that some countries and the agreements between then could not affect the world oil market and this is already the matter of the past. The world oil prices will be stabilized with help of market laws, Novak expects. Minister also added that Russian oil companies have not corrected their plans and investments, because of slump of oil prices.
