Production of oil with gas condensate in Russia in may fell by 15.5% compared with the previous year to 39.7 million tonnes (corresponding to of 9.39 million barrels per day), reports “Interfax” with reference to the summary of the Central Supervisory control FEC.
In the first five months 2020 oil production with gas condensate in Russia fell by 2.6% over the same period of 2019, amounting to 226,48 million tons Average daily production in January—may recorded at the level of 10.92 million barrels per day.
Russia reduces oil production in the framework of its obligations according to the agreement with OPEC, reached on 12 April. Under the new deal OPEC+ from may to June, average daily oil production in Russia is expected to decline by 2.5 million barrels per day relative to February 2020.
details of the new transaction.
