Oil Production in Russia for Seven Months Increased by 2%
OREANDA-NEWS The volume of oil and gas condensate production in Russia in January-July 2019 increased by 2% compared to the same period in 2018 and amounted to 325.01 million tons, according to the operational summary of the Central Dispatch Center of the Fuel and Energy Complex. Average daily production was fixed at 11.24 million barrels.
In July 2019, 47.15 million tons of oil with gas condensate were produced in Russia, which is 0.6% lower than in July 2018. Average daily production was fixed at 11.15 million barrels.
Compared to October 2018, which was taken as a starting point for reducing oil production under the OPEC + agreement, production in Russia decreased by 2.4%.
Since the beginning of the year, Rosneft has produced 112.81 million tons (16.11 million tons in July), LUKOIL 47.85 million tons (7.03 million tons), Surgutneftegas 35.11 million tons (5.18 million tons), Gazprom Neft - 23.04 million tons (3.59 million tons), Tatneft - 17.43 million tons (2.6 million tons), Bashneft - 10.88 million tons (1.58 million tons), Slavneft - 8.09 million tons (1.23 million tons), NOVATEK - 4.88 million tons (690.38 thousand tons), RussNeft - 4 , 17 million tons (624.73 thousand tons).