Russian Oil Output Hits Post-Soviet High In February
March 02 2012 - 5:05AM
Dow Jones News
Russia's oil production edged higher in February, to a new
post-Soviet high of 10.36 million barrels a day, as increased
capital spending helped stabilize falling output in West Siberia,
Energy Ministry data showed Friday.
Russia--the world's biggest oil producer ahead of Saudi
Arabia--produced a total of 40.98 million metric tons of crude oil
and gas condensate in February, which is a 4.8% rise from the same
month last year, the ministry's Central Dispatching Department of
Fuel Energy Complex said on its website.
Production was up from 10.35 million barrels a day in
January.
Of the total, 18.57 million tons of crude oil was exported, a
0.4% increase from February last year.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495
232-9197, jacob.pedersen@dowjones.com
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