Russia in December of 2016 took first place in the world for oil production

Russia in December of 2016 took first place in the world for oil production


Moscow. 20 Feb. Saudi Arabia in December reduced production and export of oil from the highs recorded in the previous month high, according to the Joint Organization Data Initiative (JODI). This allowed Russia to come out on top in the world in terms of oil production, although it also reduced production.

Oil production in Saudi Arabia in December was $ 10,465 million barrels per day (b/d) compared to the record of 10.72 million b/d the previous month. In December 2015, the country produced 10,144 million b/d. however, Saudi Arabia last month last year exported 8,014 million b/d against 8,258 million b/d in November. In December of 2015, foreign supply accounted 7,486 million b/d.

According to JODI, Russia in December of last year produced of 10.49 million b/d against 10,519 million b/d in the previous month. Oil production in Iraq in the last month increased to 4.83 million b/d compared to 4.8 million b/d in November, exports decreased slightly to 4.05 million b/d with 4,051 million b/d, according to the organization.

Oil production in Venezuela continues to be near the low at the beginning of 2003: in December it amounted to 2,270 million b/d, compared to 2,276 million b/d in the previous month.

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