Russian oil and gas condensate production increased by 150,000 barrels per day (b / d) to around 10.19 million b / d between Jan.1 and Dec.14 from December, as the brakes production levels of global producers have been relaxed, an industry source said on Friday.
Oil and gas condensate production averaged 10.04 million bpd in December, according to official data.
Russia has announced that it will increase its crude oil production in January by about 125,000 bpd as restrictions imposed by the OPEC + group of the world’s major oil producers are gradually reduced.
The global agreement of the OPEC + producer group excludes condensate, a type of light oil, of which around 700,000 to 800,000 bpd, of which Russia pumps on average. Russia’s Energy Ministry did not respond to a request for comment.
From February, Russia is expected to increase its oil production by an additional 65,000 bpd.
Source: Reuters (Reporting by Olesya Astakhova; Writing by Vladimir Soldatkin; Editing by Katya Golubkova and Jan Harvey)