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Russia ramps up oil output and exports media

A full industry recovery following the sanctions will depend on successfully redirecting supplies, analysts say

Russian oil production rose by 5% last month after a sharp decline in April, the newspaper Vedomosti reported on Friday, citing an industry source.

May output amounted to 10.2 million barrels per day, up from 10 million in April but is still 2.5% down on production in May 2021.