Russia Oil Output Up

Russia Oil Output Up

Russia's oil output edged up in July to 10.85 million barrels per day thanks to increases at some of the country's biggest producers, Energy Ministry data showed on Tuesday. Russia, the world's leading oil producer and second-biggest oil exporter after Saudi Arabia, pumped an average of 10.84 million bpd in June. In July, oil output reached 45.894 million tons, Reuters reported. Oil production by Saudi Arabia came to 10.50 million bpd last month, according to a Reuters survey. The data showed increases in production at state oil producer Rosneft, Russia's biggest, and from close peers Surgutneftegas and Gazprom Neft, among others. Daily gas production reached 1.433 billion cubic meters, up almost 2% from June, the data showed. Russia plans to produce 10.85-10.89 million bpd and roughly the same volumes next year, Energy Minister Alexander Novak told Reuters last month. Three export terminals on Russia’s Arctic coast shipped an average of 230,000 barrels of crude per day in the second quarter of 2016.


Short URL : http://goo.gl/gNt0cN
  1. http://goo.gl/rh6tt1
  • http://goo.gl/vqykaX
  • http://goo.gl/1GH6bG
  • http://goo.gl/Tt8BEZ
  • http://goo.gl/Px6E68

You can also read ...

China on Pace for Record Solar Power Installations
China, the world’s biggest carbon emitter, is poised to...
Algiers, Tehran in Talks to Expand Energy Ties
Tehran is ready and willing to play a role in Algiers' joint...
Major repairs at Nouri plant are scheduled to start next month.
Nouri Petrochemical Company, one of Iran's top petrochemical...
IPO to Auction 41 Filling Stations in 14 Provinces
Iran Privatization Organization is scheduled to auction 41...
Zanganeh Says Most OPEC Members Back Extending Output Cuts
Oil Minister Bijan Namdar Zanganeh said on Monday that a...
Heavy oil from Iraq, Canada and Brazil are already replacing Venezuelan barrels.
As Venezuela’s dilapidated energy sector struggles to pump...
Crude Prices Lose Steam
Oil eased on Monday, as traders were reluctant to take on big...
India's Import of US Coal  Quadruples
India’s coal imports from North America quadrupled to 2.1...