RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-01-03 21:55:00

2014: RUSSIA OIL 10.58 MLN BPD

2014: RUSSIA OIL 10.58 MLN BPD

Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed on Friday.

Oil and gas condensate production in December hit 10.67 million bpd, also a record high since the collapse of the Soviet Union.

The data showed Russia's so-called small producers, mostly privately held, increased their output by 11 percent to just over 1 million barrels per day.

Crude oil exports via state monopoly Transneft fell 5 percent to 195.5 million tonnes due to rising domestic demand and refinery runs.

Exports to China reached a new high of 22.6 million tonnes (452,000 bpd), up 43 percent on the year as Russia seeks to diversify its energy customers.

Russian producers capitalized on rising oil prices in the first half of 2014, when they reached over $113 per barrel. However, they have halved since then.

Hurt by falling oil prices and Western sanctions prompted by Moscow's role in Ukraine, growth in oil output in 2014 slowed from a gain of 1.4 percent in 2013.

Top listed oil company Rosneft, which produces more oil than OPEC members Iraq or Iran, saw its output slip 0.7 percent as it struggled to arrest declining production at its West Siberian fields.

Oil and gas fund about half of Russia's budget.

The country's economy is slipping into recession following a fall in oil prices and could see oil output decline to 525 million tonnes in 2015, according to an Energy Ministry forecast.

The International Energy Agency (IEA) expects Russian oil output to fall by 1 percent.

The country's natural gas production in 2014 fell by 4 percent to 640.237 billion cubic meters (bcm).

Top producer Gazprom (GAZP.MM) posted an output fall of 9 percent to an all-time low of 432 bcm due to its pricing dispute with Ukraine, once its second-largest customer after Germany.

reuters.com

Tags: RUSSIA, OIL, GAS, GAZPROM
Chronicle:
2014: RUSSIA OIL 10.58 MLN BPD
2022, November, 28, 09:59:00
INTERNATIONAL CONGRESS AND EXIBITION TURKEY & BLACK SEA OIL AND GAS
International Congress and Exhibition Turkey & Black Sea Oil and Gas is an international, professional platform, bringing together over 200 C-suite executives from vertically integrated oil companies, general directors, CTOs of oil refineries, gas processing plants and petrochemical facilities, initiators of investment projects on oil and gas extraction from Turkey and countries of the Black Sea area, officials of regulatory authorities, licensors of production technologies and world suppliers for the industry.
2014: RUSSIA OIL 10.58 MLN BPD
2022, November, 28, 09:58:00
TRANSPORTATION OIL AND GAS CONGRESS 2023 (TOGC 2023)
Transportation Oil and Gas Congress 2023 (TOGC 2023) takes place on February 20-21, 2023. The Congress brings together representatives from the whole pipeline chain and focuses on both strategic and technical issues of the oil and gas pipeline transportation.
2014: RUSSIA OIL 10.58 MLN BPD
2022, November, 28, 09:57:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
2014: RUSSIA OIL 10.58 MLN BPD
2022, November, 28, 09:55:00
EGYPT LNG UP BY 14%
Egypt has two LNG export facilities -- the 7.2 million mt/year Shell-operated Idku facility and the smaller Eni-operated 5 million mt/year Damietta plant.
2014: RUSSIA OIL 10.58 MLN BPD
2022, November, 28, 09:50:00
VIETNAM NEED COAL
Under this baseline scenario, coal would remain the largest source of energy in the country until 2030, with 11 new coal-fired power plants to be built, raising the coal-fired power capacity from over 21 GW in 2020 (nearly 24 GW in 2021) to 30 GW in 2025 and over 36 GW in 2030.
2014: RUSSIA OIL 10.58 MLN BPD
2022, November, 28, 09:45:00
UAE CLEAN ENERGY
“The UAE could be a key player and deliver 25 percent of the production of the global low-carbon hydrogen market by 2030,” the report reads.
2014: RUSSIA OIL 10.58 MLN BPD
2022, November, 28, 09:44:00
DISCUSSING LNG MARKET TRENDS AT LNGCON 2023
The closed-door International LNG Congress 2023 assembles top-level management and technical representatives of the LNG industry to discuss prevailing questions and present innovative solutions in Dusseldorf, Germany on March, 6-7, 2023.
All Publications »