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Page added on June 2, 2011
Russian May Oil Output Rises to 10.26 Million Barrel a Day
Oil output in Russia, the world’s largest oil producer, climbed 1.2 percent in May from a year earlier, to the highest since October’s post-Soviet record.
Production rose to 10.26 million barrels a day, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That compares with 10.23 million barrels a day in April.
Prime Minister Vladimir Putin has tasked the oil industry, Russia’s largest source of tax revenue, to keep output at more than 10 million barrels a day for at least the next decade. Production has exceeded the level since September 2009 and reached 10.27 million barrels a day in October last year. Russia peaked at 11.48 million barrels a day in 1987, according to BP Plc data.
Gains by state-run OAO Gazprom, OAO Rosneft, the country’s largest producer, and OAO Bashneft, controlled by billionaire Vladimir Yevtushenkov’s AFK Sistema, helped raise output compared with the same month last year.
Russian natural gas output fell to 1.86 billion cubic meters a day in May from 1.91 billion cubic meters a day the previous month.
2 Comments on "Russian May Oil Output Rises to 10.26 Million Barrel a Day"
george on Thu, 2nd Jun 2011 8:41 pm
they’re going to piss it away as fast as they can . just like the Brits did .
lmao .
EOTWAWKI on Thu, 2nd Jun 2011 10:32 pm
“Prime Minister Vladimir Putin has tasked the oil industry, Russia’s largest source of tax revenue, to keep output at more than 10 million barrels a day for at least the next decade.”
There are some things you just can’t do by decree.