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2007 August 20   14:19

Russia reports higher oil output

Russia's oil and gas condensate production edged up 2.9 percent to 284.844m tonnes in January-July 2007 compared to the same period a year earlier, the press office of the Russian Industry and Energy Ministry reported today according to RBC. Daily oil production advanced from 1.149m tonnes per day in June against 1.346m tonnes per day in May 2007.

Rosneft, LUKoil, TNK-BP Holding, Surgutneftegas, and Gazprom Neft were Russia's largest oil producers.

According to the Federal Customs Service and the Industry and Energy Ministry's data, oil exports to non-CIS countries and the Baltic states stood at 129.86m tonnes (up 5.6 percent compared to the first seven months of 2006) and 121.28m tonnes to CIS.

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