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Lukoil reports oil, condensate production drop by 2.8% in 2023

Hydrocarbons production by Lukoil edged down by 1.1% to 2.308 mln barrels of oil equivalent daily

MOSCOW, April 3. /TASS/. Production of oil and gas condensate net of the West Qurna 2 project declined by 2.8% year on year as of the end of 2023 to 82.6 mln metric tons, the Russian oil major Lukoil reported.

The decline of the figure for Russia and in certain international projects was associated with OPEC+ agreement parameters and certain voluntary production cuts in 2023, the company said.

Hydrocarbons production by Lukoil edged down by 1.1% to 2.308 mln barrels of oil equivalent daily. Gas production gained 1.5% to 35.2 bln cubic meters.

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