Oil Output Swells 2.8% As Rosneft Pumps More | Business | The Moscow Times: “Russia boosted crude output 2.8 percent in January from a year earlier, the Energy Ministry said Tuesday, after Rosneft ramped up production at Vankor, the country’s largest new oil development.
Production grew to 10.04 million barrels a day, the Energy Ministry’s CDU-TEK unit said in an e-mailed statement. Oil output was down slightly from December, when the country produced 10.05 million barrels a day.
Producers exported 4.78 million barrels of oil a day to countries outside the former Soviet Union, a decline of 0.5 percent from a year earlier and 1.4 percent from December. Total exports were 5.22 million barrels a day, excluding supplies to Belarus, for which CDU-TEK said it didn’t have data.
Vankor’s output has risen to 220,000 barrels a day in January since its August start. Rosneft, the country’s largest oil producer, expects output at the field to reach 500,000 barrels a day by 2014, the equivalent of the world’s fifth-largest oil-producing field currently.”