Russian oil production up 2% in Jan

Russia increased oil and gas condensate production 2% year-on-year to 39.89 million tonnes or 9.37 million barrels a day in January, the Fuel and Energy Central Dispatch Department said.

Average daily oil production in Russia in January 2006 fell 2.3% compared with December 2005. Last year daily oil production increased every month (by 0.3%-1% on the previous month) with the exception of January 2005, when production fell 0.5% from December 2004 (2% in January 2004 compared with December 2003).