In 2016, OPEC expects lower production in Russia by 70 thousand barrels per day to 10.7 million barrels per day.
MOSCOW, 10 Dec. OPEC raised its forecast of oil production in Russia in 2015 to 20 thousand barrels per day of 10.77 million barrels per day, an increase over the previous year can now be 90 thousand barrels per day, from the December report of the organization.
In 2016, the organization expects to reduce production in Russia by 70 thousand barrels per day to 10.7 million barrels per day.
For comparison, oil production in the U.S., according to OPEC in 2015 will amount 13,77 million barrels a day in 2016 from 13.6 million barrels per day.
Liquids production in Russia in October and November increased to 10.9 million and 10,88 million barrels per day, respectively. OPEC experts say that growth of production continues improvement, in particular, “Gazprom”, “Bashneft” and operators PSA. While production of LUKOIL and Rosneft continue to decline.
In the fourth quarter of this year, production in Russia is expected at the level of 10.77 million barrels per day, which is 30 thousand barrels per day more than the previous forecast.