Russia’s oil output up 2.2% in 11M05

Russia’s oil output, including gas condensate, grew 2.2% in January-November 2005 year-on-year to 429 million metric tons, the Russian Economic Development and Trade Ministry said on its Web site Monday. Oil output is expected to reach about 470 million metric tons in 2005, the ministry said. Oil companies LUKoil, Surgutneftegaz, TNK-BP and Slavneft and natural gas monopoly Gazprom kept the oil output growth rates above the country’s average in January-November 2005, the ministry said.
RIAN