Russian
oil output up 2.4 percent in 2005
AFP
MOSCOW
Petroleumworld.com 01 11 06
Russian crude oil output rose 2.4 percent last year, hitting its
highest level since 1991 with the production of 9.44 million barrels
a day, or 470.2 million tonnes in all, the energy mininstry said
Tuesday.
In December alone, Russia, the world's second leading oil exporter,
produced 40.816 million tonnes of oil, up 3.4 percent from the
same month of 2004, the ministry said in news agency reports.
But output increased at a slower rate in 2005 compared with previous
years in the face of higher taxes, which discouraged investment,
and in response to concerns raised by the government's tax crackdown
on the Yukos oil giant.
From 2000 to 2004, Russian oil production grew at an annual rate
of 8.5 percent, which followed a sharp decline from 1991 to 1998
after the fall of the Soviet Union.
Crude oil exports declined one percent last year from 2004 to
251 million tonnes. Gas exports advanced eight percent to 152
billion cubic meters.
The ministry said LukOIL confirmed its position as Russia's top
producer, turning out 87.8 million tonnes in 2005, followed by
the Russian-British group TNK-BP, 75.3 million tonnes, and Rosneft,
74.4 million tonnes.
AFP
01/10/06
Copyright
© 2006 AFP. All rights reserved
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