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2009 April 15   14:29

Russia's oil output declines 1.3% to 880 mln bbls in Q1

Russia's oil output (including gas condensate) declined 1.3%, year-on-year, in January-March 2009 to 120 million metric tons (880 million barrels), the country's top statistics body said on Wednesday according to RIA Novosti.

At the same time, oil output in March increased 0.5%, year-on-year, and 11.2%, month on month, the State Statistics Service (Rosstat) said.

Primary oil refining declined 1.1%, year-on-year, in January-March 2009 to 58 million metric tons (425 million barrels), Rosstat said.

Production of vehicle gasoline grew 0.5% to 9.1 million metric tons (66.7 million barrels), with diesel fuel declining 3.5% to 16.9 million metric tons (124 million barrels) and heating oil dropping 4.6% to 16.4 million metric tons (120 million barrels) in the reporting period, Rosstat said.

Russia's Economic Development Ministry expects oil output in Russia to drop 1.1% to 482 million metric tons (3.5 billion barrels) and oil exports to fall 2.5% to 237 million metric tons (1.7 billion barrels) in 2009.

Russia's oil output declined 0.7%, year-on-year, in 2008 to 488 million metric tons (3.6 billion barrels).

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