Bashneft boosts oil production 9.3% in H1 to 8.5 mln tonnes
MOSCOW. Aug 27 (Interfax) - Bashneft boosted oil production 9.3% in January-June 2014 to 8.5 million tonnes, the company said in a statement.
Average daily production in Q2 was 48,100 tonnes per day, the highest it has been in 20 years.
"In the first half of 2014, strong growth in oil production was driven by a 2.4% increase in production at brownfields due to highly efficient geological and engineering operations and by the fact that Bashneft produced 361 thousand tonnes of oil at the Trebs and Titov fields and 174 thousand tonnes at the Sorovskoye field developed by LLC Burneftegaz," the statement says.
"In the first half of 2014, Bashneft's refining complex in Ufa processed 10.799 million tonnes of hydrocarbons, which is 2.8% more than in the same period in 2013. In the first half of 2014, the average refining depth (84.9%) and the average share of light products (60.5%) remained almost unchanged year-on-year," the company said.
"In the second quarter of 2014, output of commercial products increased by 5.5% quarter-on-quarter to 5.112 million tonnes. Additionally, in the second quarter of 2014, gasoline output added 9.2% quarter-on-quarter and reached 1.268 million tonnes," the statement reads.
"As Bashneft proceeded with its refinery upgrade programme, including the start of pilot operations of a catalytic cracking gasoline hydrotreater, the Company was able to boost production of Euro 5 gasoline by 18.8% quarter-on-quarterto 1,126 thousand tonnes in the second quarter of 2014. In the second quarter of 2014, output of diesel fuel rose by 8.4% quarter-on-quarter to 1,950 thousand tonnes. In the second quarter of 2014, output of Euro 5 diesel fuel amounted to 703 thousand tonnes, up by 36.5%quarter-on-quarter," Bashneft said.