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2007 February 21   12:11

Oil output in Russia up 2.1% in 2006 to 3.5 billion barrels

Oil output in Russia increased 2.1%, year-on-year, in 2006, to 480 million metric tons (3.5 billion barrels), the country's top statistics body said Wednesday according to RIA Novosti.

The State Statistics Service said oil production grew 3.8%, month-on-month, in December 2006, to 41.4 million metric tons (303.5 million barrels).

Oil accounted for 33.9% of Russian exports, and for 52% of the exports of fuel and energy products in 2006 compared with 34.7% and 54.2%, respectively, a year earlier, the service said.

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