Russian Vice Prime Minister: By the end of this year, Russia’s oil processing volume will decrease by 5.4% year-on-year.

Russian Satellite News Agency reported on December 25 that Russian Deputy Prime Minister Alexander Nowak told reporters that by the end of 2020, Russia’s oil processing volume will be 5.4% lower than last year, reaching 270 million tons.

Nowak said: “The oil will reach about 270 million tons in 2020 in one-time processing. The decline was about 5.4%, compared with 285 million tons last year.”

Nowak pointed out that gasoline production will reach 38.1 million tons and diesel production will reach 77.6 million tons in 2020. At the same time, the depth of petroleum processing increased by 1.3 percentage points to 84.4%.