Durinhg 11 months oil production in Russia increased by 0.95%
From January to November 2013 Russia has increased oil production with gas condensate by 0.95% against the same period last year up to 478,285,000 tons, according to the Central Dispatcher Department of the Russian fuel and energy complex.
During this period delivery of oil for refining in Russia increased by 3.41% and totaled 250,148,000 tons. Primary oil refining at Russian oil refineries increased by 2.59% up to 248,300,000 million tons.
According to the same source, during this period Rosneft company extracted 186,419,000 tons (growth by 0.32%), LUKoil – 78,463,000 tons (growth by 1.33%), Surgutneftegas – 56,226,000 tons (growth by 0.07%), Gasprom Neft – 45,081,000 tons (decline by 0.63%), Tatneft – 24,175,000 tons (growth by 0.41%), Rusneft – 8,000,090 tons (decline by 0.03%) and Bashneft – 14,665,000 tons (growth by 3.91%).
According to the Department, in 2012 Russia increased oil production by 1.3% up to 518 million tons, while export decreased by 1% and totaled 239.6 million tons. Russian Ministry of Energy expects that till 2020 oil production will total 505,000,000-510,000,000 tons a year, reported http://oilru.com.--0--
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review