Related Articles
Forward article link
Share PDF with colleagues

Russian oil hits another peak

The country’s 2019 production reached a further post-Soviet high, marking another year Moscow fell short of cuts promised to its Opec partners

Russia’s oil and gas condensate output totalled 560.2mn t in January-December 2019, or 11.25mn bl/d, according to data from the country’s energy ministry data, up from 555.8mn t (11.16mn bl/d) in 2018. December production totalled 47.63mn t (11.26mn bl/d), a 3.4pc month-on-month increase month, but a 1.7pc decline year-on-year. Growth came largely on the back of increased contributions from a number of greenfield projects operated by national oil champion Rosneft, says Vasilii Tanurkov, director at Moscow-based ratings group Acra. These included the Yurubcheno-Tokhomskoye, Srednebotuobinskoye, Kuyumbinskoye and Taas-Yuryakh fields in eastern Siberia and Kondinskoye, Russkoye, and East-Messo



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from Canada: Keystone XL’s demise a fiasco and opportunity
26 January 2021
The Canadian oilsands industry should now be clear where it stands and plan accordingly
Russia benefits from standing its ground in oil price grey zone
25 January 2021
Saudi sacrifice shows greater appetite for compromise in a price environment that is not win-win for the two Opec+ heavyweights
Oman runs hard to stand still
25 January 2021
The sultanate’s long-term oil ambitions are modest, but the urgent appetite for fresh gas supply remains
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video