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Russia’s oil production up 1.3 p.p. in May to 47 mln tonnes, says report

Year-to-date crude production increased by 2.8 percentage points to 232.214 mln tonnes

MOSCOW, June 2. /TASS/. Russia’s crude oil and gas condensate production increased by 1.3 percentage points in May 2019 year-on-year to 47.004 mln tonnes, the Central Dispatching Department of Fuel Energy Complex reported on Sunday.

Year-to-date crude production increased by 2.8 percentage points to 232.214 mln tonnes.

According to the data under International Financial Reporting Standards (IFRS), Rosneft boosted crude production by 0.2 percentage points in May to 18.05 mln tonnes (by 3.2 p.p. year-to-date to 90.24 mln tonnes). Lukoil increased production by 1 percentage point in the reporting period to 7 mln tonnes (by 1.2 p.p. year-to-date to 34.14 mln tonnes). Surgutneftegas reduced production by 2.2 percentage points in May to 4.99 mln tonnes (raised by 1 p.p. year-to-date to 25.1 mln tonnes). Gazprom Neft produced 5.2 mln tonnes in May 2019, an increase of 2.9 percentage points compared with May 2018, and 1.1 percentage points since the beginning of the year to 24.76 mln tonnes).

Tatneft output rose by 2.5 percentage points in May to 2.55 mln tonnes, and by 3.4 percentage points year-to-date to 12.3 mln tonnes. Novatek increased production by 0.5 percentage point in May to 1 mln tonnes, and by 1.2 percentage points year-to-date to 4.9 mln tonnes.

PSA (production sharing agreement) operators have boosted output by 16.7 percentage points since the beginning of the year to 6.4 mln tonnes, the report said.

Oil exports

Russia’s crude oil exports went down by 0.9% in May 2019 year-on-year to 21.195 mln tonnes.

Year-to-date oil exports gained 4.2% to 109.015 mln tonnes.

Russia’s oil supplies to non-CIS countries increased by 1.5% in May to 20.17 mln tonnes (up 5% year-to-date to 102 mln tonnes), while deliveries to CIS countries dropped by 33.2% to 1.024 mln tonnes (down 7.8% year-to-date to 6.9 mln tonnes). Transit rose by 7.6% in May to 1.65 mln tonnes (up 2.7% year-to-date to 8.1 mln tonnes).

Gasoline production

Gasoline production in Russia slipped by 0.8% in May 2019 year-on-year to 3.05 mln tonnes, and rose by 1.2% in January-May period to 16.07 mln tonnes.

Diesel fuel production went up by 0.4% in January-May year-on-year to 31.34 mln tonnes, fuel oil output dropped by 2.6% to 19.08 mln tonnes, while the output of other petroleum products gained 1.2% to 5 mln tonnes.

Total refining in Russia decreased by 2.4% in January-May period to 114.44 mln tonnes, and by 8.6% in May to 22.16 mln tonnes.

Electricity generation

Russia’s electricity generation increased by 1.7% in May 2019 year-on-year to 83.6 bln kW per hour.

Electricity consumption edged up by 0.4% to 81.9 bln kW per hour in the reporting period.

Hydropower plants reduced electricity generation by 8.9% in May 2019 to 16.6 bln kW per hour. Thermal power plants raised electricity production by 9.5% last month year-on-year to 46.2 bln kW per hour. Nuclear power plants lowered electricity generation in the same period by 6.4% to 15.7 bln kW per hour.

Electricity generation in the United Energy System (UES) of Russia went up by 2.2% in May 2019 year-on-year to 82.3 bln kW per hour.

Year-to-date electricity generation in Russia gained 0.7% to 471.2 bln kW per hour, while electricity consumption dropped by 0.4% to 462.2 bln kW per hour.

Electricity exports

Russia’s electricity exports increased by 45% in May 2019 year-on-year to 1.7 bln kW per hour, the Central Dispatching Department of the Fuel Energy Complex reported on Sunday.

Electricity exports to CIS countries amounted to 0.3 bln kW per hour (up 8%), and to other countries - 1.4 bln kW per hour (up 55%).

Year-to-date electricity exports soared by almost 40% to 9.1 bln kW per hour, of which 7 bln kW per hour was supplied to non-CIS countries (up 36.4%).

Electricity was not imported in the reporting period.