According to Hart energy, data released by the Russian Ministry of energy on January 2 showed that the daily production of oil and gas condensate in Russia reached a record 11.25 million barrels in 2019, breaking the record of 11.16 million barrels set a year ago.
Data show that Russia is continuing to increase its oil and gas condensate production, despite the pollution oil crisis earlier this year limiting production and voluntary production cuts under a global agreement to support oil prices.
| povidone Iodine |
In the past 10 years, Russia’s oil production has been rising, thanks to the development of new oilfields and the introduction of new technologies for mature oilfields.
Russia’s oil and gas condensate production increased to 560.2 million tons last year from 55584 million tons in 2018, as small oil producers increased production.
According to the data, the output of oil and gas condensate from small producers jumped nearly 3% last year to 83.612 million tons, or 1.68 million barrels per day.
| EDTA |
Data shows that the total volume of oil and gas condensate in December last year was 11.262 million barrels / day, higher than 11.244 million barrels / day in November. In tons, oil production last month was 47.629 million barrels, compared with 46.619 million barrels in November.
Alexander Novak, Russia’s energy minister, estimates that Russia’s oil and gas condensate production in 2020 will be between 555-565 million tons, or 11.12-11.32 million barrels per day, with a conversion rate of 7.33 barrels per ton of oil.
| Melamine |