Russian Oil Production: October Hit 11.4 million barrels per day

Oil production in the Russian Federation in October reached 1.554 million tons per day, or 11.4 million barrels per day.

This was reported in industry statistics.

This is about 453 thousand barrels per day more than Russia’s obligations under the transaction to limit
OPEC and non-OPEC countries.

In addition, this figure is almost 153 thousand barrels per day more than oil production in Russia in
October 2016.

The main contribution to the growth of production was provided by Rosneft, reaching a daily production of 546.3 thousand tons.

In addition, LUKOIL and Tatneft increased oil production in October.

Oil production of Surgutneftegaz and Gazprom this month remained stable.