Russian oil exports up 1.4% to 149.6 mln tonnes in 7M - Rosstat
MOSCOW. Sept 25 (Interfax) - Russian oil and gas condensate exports rose 1.4% year-on-year in January-July 2019 to 149.6 million tonnes, the Federal State Statistics Service (Rosstat) said, citing Federal Customs Service (FCS) data that include shipments to Belarus.
Oil accounted for 28.9% of overall Russian exports in 7M 2019, up from 28.8% a year previously, and for 45.0% of overall fuel and energy exports, up from 44.8%.
The average export price for oil in July 2019 was $452.4 per tonne, down 6.1% compared with June 2019. Urals blend traded at $462.4 a tonne on the world market, up 2.3% from June.
Changes in average export prices for Russian crude and oil prices on the world market:
|Average actual export price||World market price for Urals blend*|
|$ per tonne||% of December the previous year||$ per tonne||% of December the previous year|
* Source: Russian Economic Development Ministry
Russia produced 325.1 million tonnes of oil and gas condensate in 7M 2019, 1.9% more year-on-year.
Oil production without gas condensate by Russia and the leading oil exporting nations ('000 barrels per day):
|Of which: Iraq||4736||4713||4749|
* Source: OPEC publications
** Source: JODI Oil World Database.