MOSCOW, Feb 5 (Reuters) - Russia can produce 50 milliontonnes of hard-to-recover oil annually by 2020 and another 25million tonnes a year from its offshore fields, Deputy EnergyMinister Kirill Molodtsov said on Thursday.
"This is an absolutely realistic task even with issuesrelated to sanctions, technologies," he told a business meeting.
Russia, the world's top oil producer, was hit by Westernsanctions over the Ukraine crisis which limit some of itslargest firms' access to global capital markets and curbcooperation with foreign companies in the Arctic, shale oil ordeep water exploration. (Reporting by Denis Pinchuk; writing by Katya Golubkova,editing by Elizabeth Piper)