Russia's oil output declines 1.3% to 880 mln bbls in Q1

Russia’s oil output (including gas condensate) declined 1.3%, year-on-year, in January-March 2009 to 120 million metric tons (880 million barrels), the country’s top statistics body said on Wednesday.

At the same time, oil output in March increased 0.5%, year-on-year, and 11.2%, month on month, the State Statistics Service (Rosstat) said.

Primary oil refining declined 1.1%, year-on-year, in January-March 2009 to 58 million metric tons (425 million barrels), Rosstat said.

RIAN