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Russia boosts 2014 oil output by 0.6% to post-Soviet high of 526 mln tons

January 03, 2015, 14:43 UTC+3 MOSCOW
At the same time, Russia’s crude oil exports declined by 5.7%
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© ITAR-TASS

MOSCOW, January 3. /TASS/. Russia’s crude oil output rose by 0.6% in 2014 from the previous year to a post-Soviet high of 526.75 million tons, according to data released by the fuel and energy sector’s main statistical center on Saturday.

At the same time, Russia’s crude oil exports declined by 5.7% in 2014 from the previous year to 221.59 million tons, the data showed.

Oil exports declined as Russian crude producers boosted refining in Russia by 5.2 percent to 288.96 million tons.

Russian oil exports via the pipelines run by Transneft fell by 4.2 percent to 176.255 million tons. Oil transit dropped by 11.3 percent to 19.29 million tons, the data showed.

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