Currency converter
^
All news
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russia outpaced Saudi Arabia in oil production last year

February 20, 16:51 UTC+3 MOSCOW

Russia boosted oil production by 4% year-on-year in December 2016

Share
1 pages in this article

MOSCOW, February 20. /TASS/. Russia boosted oil production by 4% year-on-year in December 2016 to 10.49 mln barrels per day, according to updated data of the Joint Organization Data Initiative (JODI) database.

Saudi Arabia at the same time increased production by 3% to 10.46 mln barrels per day. Russia outperformed Saudi Arabia in terms of production output for the first time from March 2016.

Russia and Saudi Arabia are participating in the OPEC and non-OPEC agreement on oil production limiting since January 1, 2017. Russia will cut its oil production by 300,000 barrels per day and Saudi Arabia - by 486,000 barrels daily.

Show more
Share
In other media
Реклама
Реклама