Statistics Committee releases data on oil production in Russia

The volume of oil production in Russia (including gaseous condensate) amounted to 182m tons in the first half of 2002, which is 8.4% more compared to a similar period of time in 2001, the State Statistics Committee of the Russian Federation reported to RosBusinessConsulting. In June, the volume of oil production went up 7.6% against June 2001 and dropped by 1.5% against May, 2002.

Natural gas production has been reported at the 2.5% rise and reached 302bn cubic meters. In June, it gained 2.1% against June 2001 and lost 9.7% against May 2002. In addition, Russia produced 3.4m tons of liquefied gas in January through June. This is 12% less compared to the first half of 2001.