Russian Deputy Prime Minister Novak said on the 20th that Russia's oil production is expected to be 527 million tons this year, and natural gas production is expected to reach 642 billion cubic meters. On the same day, Novak delivered a speech at the Industrial and Energy Forum held in the capital city of Tyumen, Russia, stating that Russia's oil production in 2022 was 535 million tons, an increase of 2% compared to 2021. This year, Russia's oil production will slightly decrease, expected to be 527 million tons. This year, Russia's oil supply will continue to target countries in the Asia Pacific region. He said that the current situation in Russia's natural gas industry is stable, with natural gas production reaching 410 billion cubic meters this year and expected to reach 642 billion cubic meters by the end of the year. Novak stated that there is no energy shortage problem in Russia. The main reasons for the current increase in energy prices are the rise in oil product prices in the international market and the depreciation of the ruble against the US dollar. The Industry and Energy Forum is a major industry platform in Russia. This forum will be held from September 18th to 21st. (New News Agency)