┬áRussia is well placed to maintain oil production levels above 10 million b/d beyond the next decade, despite western sanctions limiting its access to technology and capital, the International Energy Agency said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Russia can hold output over 10 million b/d into 2030s Investment levels, tax policy key to oil sector Venezuela seen unable to hit 2.5 million b/d by 2040 Aided by consistent upstream spending through the oil price downturn, Russia aims to halt declines and improve recovery at its major producing fields Western Siberia and the Volga-Urals basin, the IEA noted in a new long-term outlook for major oil and gas producers. As a result, the IEA said it now expects Russian oil production to remains above 10 million b/d into the 2030s before a gradual decline to 9.4 million b/d in 2040. […]