Production of oil and gas condensate production in Russia continues to fall under the deal, OPEC+ — sources
MOSCOW, may 20 (Reuters) – oil and gas condensate production in Russia continues to fall: in the 19 days of may, Russia was producing of 9.42 million barrels per day compared to 11,35 million barrels per day on average in April, told Reuters two sources familiar with the statistics.
During the first 11 days of may, the production of raw materials in Russia was not essential more – of 9.43 million barrels per day.
The Ministry of energy did not respond to a request for comment.
When converted into barrels Reuters uses a conversion rate of 7.33.
In the framework of a global transaction OPEC+, which provides for its participants the maximum reduction of production in may-June, Russia pledged to cut production by 2.5 million barrels per day. The base level from which the country must reduce production, installed in 11 million barrels per day. This figure does not include gas condensate, of which Russia produces 0.7 to 0.8 million barrels per day.
The Ministry of energy promises to restore the capacity of oil production in Russia quickly – after a few months or even weeks after the end of the restrictive trades OPEC+, but analysts familiar with the production process, the experts warn that it may take several years.
(Olesya Astakhova, Gleb Gorodyankin. Editor Maxim Rodionov)