Russian oil output seen at up to 547mn T in 2016: sources

MOSCOW: Russia's oil output, the world's largest, is expected to rise this year by 2.2 percent, above expectations, to reach almost a 30-year high of 546-547 million tonnes, two sources close to the Energy Ministry said on Monday.

"It will be 546-547 million tonnes this year: companies are actively drilling and Lukoil is launching new fields," one source said.

Another source confirmed the new expectations.

The Energy Ministry, which earlier forecast output at 542-544 million tonnes, did not immediately respond to a request for comment.