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Wednesday, July 09, 2008

Tatneft says crude output up 0.7% to 95.6 mln bbl in 1H08

MOSCOW, July 8 (RIA Novosti) - Tatneft, one of Russia's top 10 oil producers, produced 13 million tons (95.6 million bbl) in the first half of 2008, up 0.7% against the same period last year, the company said in a statement Tuesday. The company produced 2.2 million tons (16 million bbl) of crude in June 2008, up 0.4% from June 2007. Tatneft is based in Tatarstan and accounts for more than 80% of the republic's oil output. Oil companies in Tatarstan produced 16.3 million tons (119.6 million bbl) of crude in January-June 2008, up 1.4% year-on-year.

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