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Russia’s Rosneft cuts oil production by 0.4% to 62 mln tonnes from year beginning

Rosneft produced 15.4 mln tonnes in April

MOSCOW, May 2. /TASS/. Russian oil and gas major Rosneft reduced oil production by 0.4% year-on-year to 61.9 mln tonnes in January - April 2017 net of Bashneft production, according to the report by the Central Dispatching Department of Fuel Energy Complex (CDU TEK) published on Tuesday.

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Analysts say Russia will continue participating in OPEC oil cut deal

Yuganskneftegaz, the core producing asset of Rosneft, increased oil production by 0.5% to 20.8 mln tonnes in January - April of this year.

Rosneft produced 15.4 mln tonnes in April, including 5.3 mln tonnes’ output of Yuganskneftegaz.

Lukoil reduced production by 1.9% to 27 mln tonnes in January - April 2017; April production was 6.7 mln tonnes. Surgutneftegaz slashed oil production by 1.3% to 20 mln tonnes in the reporting period, with 4.9 mln tonnes produced in April.

Gazprom Neft increased oil production by 9.2% to 12.9 mln tonnes in the reporting period (April output was 3.3 mln tonnes). Tatneft also scaled up production by 3.9% year-on-year to 9.6 mln tonnes (2.4 mln tonnes of oil in April). Production of Bashneft rose 2.1% to 7.2 mln tonnes of oil (1.8 mln tonnes in April).

Russia’s oil production rose 0.8% year-on-year in January - April 2017 to 181.2 mln tonnes, according to CDU TEK.

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