18 June 2004 10:26
Oil production up in Russia
Moscow, 18 June: Oil production in the Russian Federation increased by 8.5 per cent from 1 to 15 June compared with
the same period last year to 18,345,000 tonnes, Prime-TASS has been told by a source in the state enterprise, Central
Dispatch Department of the Fuel and Energy Complex under the Russian Federation Industry and Energy Ministry.
Oil exports to the far abroad increased by 12.9 per cent to 8,268,000 tonnes, while deliveries to the near abroad
fell by 1.2 per cent to 1,610,000 tonnes. Thus. despite the increase in the volume of sales, their rate of increase has
gone down: in May oil exports from the Russian Federation had been up by 36.9 per cent against May 2003.
Minister of Economic Development and Trade German Gref noted three factors in the country's fuel and energy
complex on 17 June: the suspension of companies' access to new deposits, low rates of exploration and an absence of
infrastructure around deposits. Extraction of oil in the Russian Federation in 2004 is to reach 450m tonnes, and 475m
tonnes in 2005.
[ITAR-TASS news agency] |
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