Oil production in Russia for January-October rose by 1.3%

Oil production in Russia for January-October rose by 1.3%


Oil exports for the first ten months increased by 7.5% and amounted to $ 201,053 million tons, follows from the energy Ministry published statistics.

MOSCOW, 2 Nov. Production of oil with gas condensate in Russia in January-October of 2015 grew by 1.3% compared with the same period last year and amounted to 443,69 million tons, follows from the energy Ministry published statistics.

According to CDU TEK, the volume of oil with gas condensate in January-October of “Rosneft” amounted to $ 166,806 million tonnes (down 0.92%), LUKOIL — 71,848 million tons (a decrease of 0,52%), “Surgutneftegaz” — 51,323 million tons (an increase of 0.35%), “Gazprom oil” — 44,955 million tonnes (up by 5.16%), “Tatneft” — 22,462 million tonnes (up 1.67%), “Bashneft” — 16,149 million tons (an increase of 10.27%), “RussNeft” — 6,228 million tons (a decrease of 13,47%), NOVATEK — 7,336 million tons (an increase of 48,85%).

Oil exports for the first ten months increased by 7.5% and amounted to $ 201,053 million tons.

By the end of 2014 oil production in Russia increased by 0.7% to 526,8 million tons, exports amounted to 223,4 million tons. The Ministry of economic development predicts the growth of oil production in Russia in 2016 to 533 million tons. Back in October, the Department announced the figure of 528 million tons. The Ministry also raised its forecast for oil production next year to 533 million tons.