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!

2020-06-02 15:05:00

RUSSIA'S OIL PRODUCTION 9.39 MBD

RUSSIA'S OIL PRODUCTION 9.39 MBD

REUTERS - JUNE 2, 2020-  Russian oil and gas condensate production fell to 39.7 million tonnes (9.39 million barrels per day) in May, near its target under a deal within the OPEC+ group, Interfax news agency reported on Tuesday, citing energy ministry data.

The figure was in line with data from sources, reported by Reuters on Monday, and down from 11.35 million barrels per day (bpd) in April.

Under the agreement between Russia and the Organization of the Petroleum Exporting Countries, a group known as OPEC+, Moscow has pledged to reduce its output by around 2.5 million bpd to 8.5 million bpd to help support oil prices. The deal does not include output of gas condensate, a light oil.

Russia usually produces 700,000-800,000 bpd of gas condensate. That means that excluding gas condensate, Russia produced 8.59-8.69 mln bpd of crude oil in May.

The ministry does not disclose gas condensate output on a monthly basis separately.

Interfax also said that Russian oil exports outside former Soviet Union in May reached 17.36 million tonnes, or 4.1 million bpd, down 14.2% year-on-year.

OPEC+ agreed to cut its combined output by around 10 million bpd, or 10% of global oil production, in May and June, with a subsequent easing of the reductions, to tackle economic fallout from the coronavirus pandemic.

OPEC+ may hold an online conference as early as Thursday to discuss its policy, compared with the original schedule of next week. The group is due to discuss extension of the output cuts in its current pace.

Interfax also said that Russia’s natural gas production fell by 9.2%, year-on-year, in January - May, to 293.26 billion cubic metres.

-----

Tags: RUSSIA, OIL, PRODUCTION
Chronicle:
RUSSIA'S OIL PRODUCTION 9.39 MBD
2022, January, 20, 15:29:00
ГИДРОЭНЕРГЕТИКА ЦЕНТРАЛЬНАЯ АЗИЯ И КАСПИЙ 2022, ВЫСТАВКА И КОНГРЕСС
Рады сообщить, что свое участие в 6-м ежегодном международном конгрессе и выставке «Гидроэнергетика Центральная Азия и Каспий 2022» (г. Душанбе, Таджикистан, 16-17 февраля) подтвердили уже более 150 руководителей ключевых энергетических компаний региона.
RUSSIA'S OIL PRODUCTION 9.39 MBD
2022, January, 20, 15:28:00
TRANSPORTATION OIL AND GAS CONGRESS, 21th-22th of February, 2022
Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022
RUSSIA'S OIL PRODUCTION 9.39 MBD
2022, January, 20, 15:27:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
RUSSIA'S OIL PRODUCTION 9.39 MBD
2022, January, 20, 15:26:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
RUSSIA'S OIL PRODUCTION 9.39 MBD
2022, January, 20, 15:25:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
RUSSIA'S OIL PRODUCTION 9.39 MBD
2022, January, 20, 15:24:00
ARABIAN GREEN HYDROGEN $5 BLN
Engie plans to create a green hydrogen hub in the UAE and potentially other regions in a deal worth $5 billion, with the first 200 MW green hydrogen and ammonia project being developed in Abu Dhabi.
RUSSIA'S OIL PRODUCTION 9.39 MBD
2022, January, 20, 15:20:00
INDONESIA'S ELECTRICITY + 3 GW
In 2022, the country is expected to commission 2,950 MW of power capacity and to build 4,632 km of transmission lines.
All Publications »