Russia oil output up by 2.8 pc in January
Thursday, 4 February 2010
MOSCOW, Feb 03 (Commodity Online): One of the world's leading oil producers, Russia boosted crude output 2.8 per cent in January from a year earlier.
According to country's Energy Ministry, the increase attributed after Russia's largest oil producer Rosneft ramped up production at Vankor, the country's largest new oil development.
Production grew to 10.04 million barrels a day, the ministry said in a statement. Oil output was down slightly from December, when the country produced 10.05 million barrels a day.
Producers exported 4.78 million barrels of oil a day to countries outside the former Soviet Union, a decline of 0.5 per cent from a year earlier and 1.4 per cent from December.
Total exports were 5.22 million barrels a day, excluding supplies to Belarus.
Vankor's output has risen to 220,000 barrels a day in January since its August start. Rosneft, expects output at the field to reach 500,000 barrels a day by 2014, the equivalent of the world's fifth-largest oil-producing field currently.
Rosneft produced a total of 2.43 million barrels a day, an increase of 6.2 per cent from a year earlier, while a decline of 0.2 per cent from December.
According to country's Energy Ministry, the increase attributed after Russia's largest oil producer Rosneft ramped up production at Vankor, the country's largest new oil development.
Production grew to 10.04 million barrels a day, the ministry said in a statement. Oil output was down slightly from December, when the country produced 10.05 million barrels a day.
Producers exported 4.78 million barrels of oil a day to countries outside the former Soviet Union, a decline of 0.5 per cent from a year earlier and 1.4 per cent from December.
Total exports were 5.22 million barrels a day, excluding supplies to Belarus.
Vankor's output has risen to 220,000 barrels a day in January since its August start. Rosneft, expects output at the field to reach 500,000 barrels a day by 2014, the equivalent of the world's fifth-largest oil-producing field currently.
Rosneft produced a total of 2.43 million barrels a day, an increase of 6.2 per cent from a year earlier, while a decline of 0.2 per cent from December.