All news

Russia boosts liquid hydrocarbons production to 11.4 mln barrels/day in February — OPEC

Oil production stood at 10 mln barrels per day as part of this volume, while natural gas liquids and gas condensate accounted for the remaining share

MOSCOW, April 13. /TASS/. Liquid hydrocarbons production in Russia edged up by 175,000 barrels daily to 11.4 mln barrels per day, the Organization of Petroleum Exporting Countries (OPEC) said in its April report.

Oil production stood at 10 mln barrels per day as part of this volume, while natural gas liquids and gas condensate accounted for the remaining share.

The figure is expected to drop by 0.75 mln barrels per day in 2023 against 2022 to 10.28 mln barrels daily, OPEC said. The forecast factors in the renewal of the voluntary oil production cut by Russia by 500,000 barrels per day effective since March until the year-end, the Organization noted.