Opec warns of Russian oil export slowdown

A recently filed lawsuit against Yukos, once one of Russia’s biggest energy companies, is threatening to further slow the growth rate of oil exports from the world’s second largest producer, the Organisation of the Petroleum Exporting Countries warned on Friday.

Russia’s oil supply, much of which is consumed internally, is expected to average 9.6m barrels a day in 2006, about 11 per cent of the world’s total demand.

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