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Russia gas production to rise 1.2%, oil 2.6% in 2006 - ministry

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MOSCOW, August 11 (RIA Novosti) - Russia's gas production is expected to grow 1.2% in 2006 and oil output 2.6% year-on-year, the economics ministry said Friday.

"Oil production in 2006 will be 482 million metric tons (3.54 billion bbl), or 102.6% of the 2005 figure, and exports will total 255 million tons (1.87 billion bbl), or 101% of the 2005 level," the Ministry of Economic Development and Trade said in a forecast submitted to the government Thursday.

The ministry also forecasted that primary oil refining in Russia would be 217 mln tons, or 104.6% of the 2005 index.

Exports of oil products are expected to increase 6.1% against 2005 to reach 103 mln tons.

Gas production is forecasted to rise 1.2% to 646 billion cubic meters, including 200 bln cu m of exports. With account for imported gas, Russia's domestic and foreign needs will be satisfied. Domestic gas demand is estimated at 449 bln cu m (101.3% of 2005).

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