Lukoil: Russia’s Output Could Surpass 12 Million Bpd By 2035

Russia’s crude oil and condensate production could rise to more than 12 million bpd by 2035, if global demand for liquid hydrocarbons continues to grow, Russia’s second-largest oil producer, Lukoil, said in a new forecast.   In the report ‘Major Trends in the Global Liquid Hydrocarbon Market to 2035,’ Lukoil has modeled three different scenarios for Russia’s opportunities and challenges in oil production in the long term.   The ‘Equal Opportunities’ scenario considers that global oil and gas demand…