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2014-10-02 20:45:00

RUSSIAN OIL OUTPUT: 10.61 MLN BPD

RUSSIAN OIL OUTPUT: 10.61 MLN BPD

Oil production in Russia increased by almost 0.9 percent month-on-month in September to 10.61 million barrels per day (bpd) largely because of increased output at joint ventures with foreign majors, Energy Ministry data showed on Thursday.

In tonnes, Russian oil output reached 43.411 million in September versus 44.472 million in August, a month which has one more day than September.

Oil output under production sharing agreements (PSA), designed in the 1990s to encourage investment by foreign oil companies, jumped by 24 percent in September to almost 1.23 million tonnes (298,844 bpd).

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Tags: RUSSIA, OIL, ROSNEFT, EXXON, SHELL, TOTAL, STATOIL, GAS
Chronicle:
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