Russian oil production up 3.5% in Jan-March

Russia increased oil and gas condensate production 3.5% year-on-year to 114.266 million tonnes or 9.24 million barrels a day in January-March, the Fuel and Energy Central Dispatch Department said.

Russia produced 39.479 million tonnes of oil in March. Daily output was 0.6% higher than in January, when a drop in daily output of more than half a percent compared with 2004 was noted.