Russian oil exports down 0.1% to 190.9 mln tonnes in 9M - Rosstat
MOSCOW. Nov 27 (Interfax) - Russian oil and gas condensate exports declined 0.1% year-on-year in January-September 2018 to 190.9 million tonnes, the Federal State Statistics Service (Rosstat) said, citing Federal Customs Service (FCS) data.
Oil accounted for 28.9% of overall Russian exports in January-September 2018, up from 26.9% a year previously, and for 44.7% of overall fuel and energy exports, up from 44.0%.
The average export price for oil in September 2018 was $536.7 per tonne, up 5.2% compared with August 2018. Urals blend traded at $569.8 a tonne on the world market, up 8.8% from August.
Changes in average export prices for Russian crude and oil prices on the world market:
|Average actual export price||World market price for Urals blend*|
|$ per tonne||% of December the previous year||$ per tonne||% of December the previous year|
* According to Russian Economic Development Ministry
Russia produced 412.8 million tonnes of oil and gas condensate in January-September 2018, 1% more than in January-September 2017, and refined 217.2 million tonnes at domestic refineries, up 2.5%.
Oil production by Russia and the leading oil exporting nations ('000 barrels per day)
|Of which: Iraq||4650||4642||4563|
* - Excluding gas concentrate.
** - OPEC Market indicators as at end: September-2018.