KHANTY-MANSI AUTONOMOUS AREA - YUGRA, RUSSIA – APRIL 5, 2020: A worker turns a pipeline valve on the Yuzhno-Surgutskoye oil field developed by RN-Yuganskneftegaz, 20km away from Nefteyugansk in the Khanty-Mansi Autonomous Area - Yugra; RN-Yuganskneftegaz is the largest oil production enterprise of Rosneft and the second-largest one in Russia with an annual output of about 220m barrels. Alexei Andronov/TASS Ðîññèÿ. Õàíòû-Ìàíñèéñêèé ÀÎ. Èëëþñòðàöèÿ. Äîáû÷à íåôòè íà Þæíî-Ñóðãóòñêîì ìåñòîðîæäåíèè ÎÎÎ "ÐÍ-Þãàíñêíåôòåãàç" â 20 êì îò Íåôòåþãàíñêà. ÎÎÎ "ÐÍ-Þãàíñêíåôòåãàç" - ñàìîå êðóïíîå íåôòåäîáûâàþùåå ïðåäïðèÿòèå ÏÀÎ "Ðîñíåôòü" è âòîðîå ïî âåëè÷èíå â Ðîññèè, ãîäîâîé îáúåì äîáû÷è, íåôòè êîòîðîãî ñîñòàâëÿåò ïðèìåðíî 220 ìëí. áàððåëåé, èëè 61% îáùåé íåôòåäîáû÷è êîìïàíèè. Àëåêñåé Àíäðîíîâ/ÒÀÑÑ

Russia’s Crude Oil Exports Decline 8% this Year in Compliance with OPEC+ Production Cuts Deal

Foreign sales of Russian crude dropped 8% in the first seven months of 2021 compared to the same period a year ago, according to the latest report by the Russian Energy Agency.
The country exported 129.104 million tons of crude oil between January and July of 2021. Meanwhile, foreign shipments of Russian oil in July alone rose by 8.4% to 18.69 million tons.
Exports to the member nations of the Commonwealth of Independent States (CIS) surged 15.5% in the first seven months to 7.09 million tons, while July exports saw a major decline of nearly 42%, to 870,000 tons.
Meanwhile, sales of Russian crude to non-CIS countries dropped 9.1% during the seven-month period, and totaled 122.01 million tons. In July, exports increased by 13.2%, to 17.82 million tons.
Transit of oil reportedly declined by 7.2% to 10.52 million tons from January through July, and by 15.6% to 1.4 million tons in July alone.
The report attributes the decline in Russian crude exports to the implementation of the OPEC+ production cuts agreement, which also saw the supplies of other oil-producing countries reduced.

About Parvin Faghfouri Azar

Check Also

Shell in Talks to Boost Iraq’s Gas Production

Shell is reported to be in talks with Iraq to boost Basra Gas Company’s capacity. …

Leave a Reply

Your email address will not be published. Required fields are marked *