Russian oil output 11.28 million bpd in JanuaryChristian Fernsby ▼ | February 3, 2020
Russian oil and gas condensate output C-RU-OUT rose to 11.28 million barrels per day (bpd) in January, from 11.26 million bpd in December, Interfax news agency reported yesterday, citing Energy Ministry’s data.
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Topics: Russia oil
In tonnes, oil output rose to 47.72 million versus 47.63 million in December. Reuters uses a 7.33 conversion ratio in its calculations when converting tonnes to barrels.
Gas condensate, a light oil, has been excluded from Russia’s production quota in a global pact aimed at curbing oil production and balancing out the energy markets.
There has been no information available on the breakdown of condensate and oil production for January in Russia. ■