In February, Russia has increased oil production by 5.3 percent compared to the same period last year. Total for the month was produced by 43.1 million tons. It is reported TASS with reference to data of the Central dispatching control (CDC) of the FEC.
Oil exports also increased by 6.2 percent to of 19.69 million tons. Sales to the CIS countries grew by 6.8% (1.8 million tons), the far — 6.2 percent (to 17.9 million tonnes). Russian refineries received a total of 22.4 million tons (plus 32.5 per cent in comparison with February 2015).
Earlier, on February 16, Russia and several OPEC members (Saudi Arabia, Qatar, and Venezuela) agreed to freeze oil production in order to support the quotation, subsided for a year and a half by 70 percent. Also about the intention to join the agreement said Iraq and Kuwait, and on 20 February, is now Nigeria. By the beginning of March has acceded to more than 15 countries.
Deputy Prime Minister Arkady Dvorkovich explained that oil production in Russia will increase, despite an agreement to freeze production. “The agreement (with the OPEC countries — approx. “The tape.ru”) fixes the production at the level of January 2016. This level is higher than in 2015. So, in 2016 compared to 2015, despite the agreement, the us production will increase and not decrease. This is arithmetic. Forecast level of 1.5 percent,” he said.
