Russia March Oil Output Flat On Month At 10.36 Million B/D
03 April 2012 - 1:27AM
Dow Jones News
Russia's oil production remained stable in March, touching the
post-Soviet high of 10.36 million barrels a day reached in the
previous month, as increased capital spending helped stabilize
falling output in West Siberia, Energy Ministry data showed
Friday.
Russia--the world's biggest oil producer ahead of Saudi
Arabia--produced a total 43.80 million metric tons of crude oil and
gas condensate in March, which is a 1.6% rise from the same month
last year, data from the ministry's Central Dispatching Department
of Fuel Energy Complex showed.
Of the total, 20.61 million tons of crude oil was exported, 2.6%
less than in March last year.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495
232-9197, jacob.pedersen@dowjones.com
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