Only Rosneft Production Rising

LUKOIL has admitted for the first time that its production is falling. It fell 3.3 percent in the first quarter of the year. The company said it would have the situation resolved by the end of the year. Gazprom Neft has not been able to do so for two years, however, even after taking such radical steps as firing the head of its main production arm Noyabrskneftegaz. Rosneft is now the only Russian oil company that is not having trouble with production.

Kommersant