Oil and gas condensate production in Russia declined by 15 percent year-on-year in May to 39.7 million tons or 9.39 million barrels per day (bpd), according to Energy Ministry data.
The figure is down from 11.35 million barrels per day in April and near Moscow’s target under a deal within the OPEC+ group. Data showed Russia’s natural-gas production decreased by 9.2 percent, year-on-year, in January to May, to 293.26 billion cubic meters. The country usually produces 700,000–800,000 bpd of gas condensate. That means that, excluding gas condensate, Russia produced 8.59–8.69 million bpd of crude oil in May.
Continue reading https://on.rt.com/aii9