Russian Oil Production up 0.95% in January-November

December 3, 2013

Russia in January-November increased oil and gas condensate production by 0.95% year over year to 478.3mn tons, Prime has reported, citing the central dispatcher directorate of the fuel and energy complex.

Oil deliveries to refineries in Russia rose by 3.14% over the period to 250.15mn tons, while oil processing at Russian refineries rose by 2.59% to 248.3mn tons.

Over the period, Rosneft produced 186.42mn tons of oil (up 0.32%), Lukoil produced 78.46mn tons of oil (up 1.33%), Sugrutneftegaz produced 56.23mn tons of oil (up 0.07%), Gazprom Neft produced 45.08mn tons of oil (down 0.63%), Tatneft produced 24.18mn tons (up 0.41%), Russneft produced 8.09mn tons of oil (down 0.03%) and Bashneft produced 14.67mn tons of oil (up 3.91%).

In 2012, Russian oil production had risen by 1.3% to 518mn tons while exports fell by 1% to 239.6mn tons. The energy ministry expects oil production to amount to 505mn-510mn tons per annum each year until 2020.

Copyright: Oil and Gas Information Agency, 2013