Russia hit new oil supply record in 2015

According to the the Organization of the Petroleum Exporting Countries, Russia reached new oil supply record in 2015
Russia hit new oil supply record in 2015
19 January 15:07 2016 Print This Article

Russia managed to hit new oil supply record in 2015, the Organization of the Petroleum Exporting Countries (OPEC) said Monday.

“Despite financial sanctions and the impact of the falling global oil price, Russia’s preliminary data on oil supply in 2015 indicated a record high of 10.79 mb/d (million barrels daily), up 1.3% on the year,” OPEC’s January Monthly Oil Market Report reads.

Already in September, according to OPEC, the country’s output of crude and gas condensate hit a new monthly record of 10.88 mb/d, while, according to the local Ministry of Energy, December oil production was even higher.

Print this entry

  Article "tagged" as:
  Categories:
view more articles

About Article Author

Cecilia Valentini
Cecilia Valentini

View More Articles