Oil production with condensate in Russia increased by 2.2% in January-November From IFX

Oil production with condensate in Russia increased by 2.2% over the 11 months of this year and amounted to approximately 488 million tons, Deputy Prime Minister of the Russian Federation Alexander Novak told reporters.

The EU embargo on the purchase of Russian oil, which comes into force on December 5, will not affect the level of oil production in Russia in December, since the contracts were concluded earlier, Novak said earlier.

According to Rosstat, the average daily production of oil with condensate in October amounted to 1461.3 thousand tons compared to 1473.3 thousand tons in September (44.2 million tons per month), then yes, fell by 0.8%.

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