Russian crude oil output reaches record 11.16 million bpd in 2018Staff Writer | January 2, 2019
Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) in 2018, exceeding for the first time the 11 million bpd annual average mark, data from its energy ministry showed on Wednesday.
Russia The mark surpassed the previous annual record average of 10.98 million bpd
Russian oil output reached 555.838 million tonnes last year, against 547 million tonnes in 2017. Reuters uses a barrel to tonnes ratio of 7.33 to 1.
Russian Energy Minister Alexander Novak has said that the country's oil production in 2019 may decline to 552 million tonnes due to a global deal. ■