Oil company Slavneft, ranked among Russia's top ten crude producers, recorded a 10% drop in oil production to 153.9 million bbl in 2007, year-on-year, the company website said Tuesday, RIA Novosti reports.
The company also reported an increase in gas production of 0.35% to 928.3 billion cubic meters, with a 0.3% decline in oil refining to 171.5 million bbl year-on-year.
The oil company is co-owned by Gazprom Neft, the oil arm of the Russian energy giant Gazprom, and Russian-British joint oil venture TNK-BP. Its authorized capital is 4.75 million rubles ($193,800).
Gazprom Neft's head Alexander Dyukov reported earlier that the two Slavneft co-owners are drawing up a stabilization program for oil production to fix output at 139-146 bbl per year.