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Russia reports 1% oil output rise in January-November

© RIA Novosti . Sergey Subbotin / Go to the mediabank Russia reports 1% oil output rise in January-November
 Russia reports 1% oil output rise in January-November  - Sputnik International
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Russia's crude oil output grew 1% year-on-year in January-November 2009 to 451.63 million metric tons (3.3 billion barrels), the Energy Ministry said on Wednesday.

Russia's crude oil output grew 1% year-on-year in January-November 2009 to 451.63 million metric tons (3.3 billion barrels), the Energy Ministry said on Wednesday.

Oil exports increased 3.2% in the reporting period to 223.86 million metric tons (1.64 billion barrels), the ministry said.

Oil production declined 0.7% in 2008 from the previous year to 488 million metric tons (3.58 billion barrels). The Economics Ministry projects oil production at 488 million metric tons in 2009, 485 million metric tons (3.56 billion barrels) in 2010, 483 million metric tons (3.54 billion barrels) in 2011 and at the same level in 2012.

Crude exports are expected to hit 245.5 million metric tons (1.79 billion barrels) in 2009, 243-246 million metric tons (1.78-1.8 billion barrels) in 2010, 241-247 million metric tons (1.76-1.81 billion barrels) in 2011, and 238-245 million metric tons (1.74-1.79 billion barrels) in 2012.

Natural gas production declined 17.2% year-on-year in January-November 2009 to 411.48 billion cubic meters, the ministry said.

Russia's Economics Ministry forecasts gas output at 580 billion cubic meters in 2009, 623 billion cubic meters in 2010, 634 billion cubic meters in 2011 and 649 billion cubic meters in 2012.

MOSCOW, December 2 (RIA Novosti)

 

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