By Oliver Griffin 
 

Rosneft Oil Co. (ROSN.MZ) on Tuesday reported that total first-half hydrocarbon production rose 1.8%, despite declining gas output in the second quarter.

The Russian oil and gas giant, in which BP PLC (BP.LN) owns a 19.7% stake, said total average production in the first half of the year rose to 5.8 million barrels of oil equivalent a day, from 5.7 million barrels in the year-earlier period.

Second-quarter production rose just 0.1% on year as a slightly higher liquids output was offset by a decline in gas production. In the second quarter of the year, gas production fell to 16.31 billion cubic meters, from 16.46 billion cubic meters in the year-earlier period.

During the first half of the year, oil refining fell 6.9% to 51.8 million tons, Rosneft said, with refining outside of Russia falling 25% to 4.5 million tons.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

August 20, 2019 02:45 ET (06:45 GMT)