MOSCOW, November 15. / TASS /. The average daily oil and gas condensate production in Russia since November 15, 2021 amounted to 1.485 million tons, an increase of 0.4% compared to October, when the average daily oil production was 1.479 million tons. This follows from the operational data of the Central Dispatch Administration (CDU) of the Fuel and Energy Complex, read TASS.
Russia cuts production under the OPEC + agreement. But from January it can build up in a gradual easing of restrictions. Thus, in 9 the agreements allowed the Russian Federation to increase oil production by 125 thousand barrels per day (b / d), in February – April – by another 130 thousand rubles. b / d per month, in May – July – by another 38 thousand rubles. b / d per month. In August-November, Russia is increasing production by 100 thousand bpd per month in accordance with the agreements in OPEC +. The same growth rates will continue in December 2021.
In total, since the beginning of January, Russia has increased oil production by almost 8.3%, when the average daily oil production was 1.371 million tons. Under the terms of the deal, Russia was supposed to produce no more than 9.8 million bpd for the circuit, and no more than 9,913 million bpd in November (gas condensate was not taken into account).
If we translate the Russian statistics on oil production from tons to barrels according to the coefficient adopted for Russian oil Ural – 7.33, then the average daily oil production in Russia amounted to 10.88 million barrels against 10.05 million barrels in December 2020, taking into account gas condensate. Russia produces on average 800-850 thousand rubles. b / d of gas condensate per month.