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Wednesday, March 18, 2009

Russia's oil exports down 3.4% to 150 mln bbls in January

exclamation sign MOSCOW, March 18 (RIA Novosti) - Russia's oil exports fell 3.4% year-on-year in January to 20.5 million metric tons (150 million barrels), the country's top statistics body said on Wednesday. Oil accounted for 35.2% of Russia's exports in the reporting period compared with 38% a year earlier, the Federal State Statistics Service (Rosstat) said. Oil production in Russia fell 0.8% year-on-year in January to 41 million metric tons (300.5 million barrels), Rosstat said. In January, Russia produced 9.66 million barrels of oil (net of gas condensate) per day, compared with 29.54 million barrels produced in total by the OPEC countries, Rosstat said.

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