Wednesday 2 October 2013

Oil Output Reaches Record High | Business | The Moscow Times

Oil Output Reaches Record High | Business | The Moscow Times:

"A recovery in LUKoil's crude production nudged up oil output in Russia, the world's largest producer, to 10.53 million barrels per day, or bpd, in September to match the post-Soviet record high, Energy Ministry data showed Wednesday.

That was up from 10.52 million bpd in August and matched the previous record reached in June. In tons, Russia's crude production was 43.08 million last month.

Output was above the 10.05 million bpd pumped last month by quota-bound Saudi Arabia which, unlike Russia, has spare capacity to increase its oil output significantly and which is still the world's No. 1 oil exporter.

Russia aims to keep oil output at least 10 million bpd this decade."

'via Blog this'

No comments:

Post a Comment