14 Mar 2014 16:36

Bashneft posts biggest Feb oil output growth surge

MOSCOW. Jan 14 (Interfax) - Bashneft posted the biggest oil production growth among Russian producers in February compared with January, the Central Dispatching Department of the Fuel and Energy Complex (CDU TEK) said.

Bashneft boosted output growth 5.4 percentage points to 11.7% in February, compared with growth of 6.3% in January.

Rosneft , which led in terms of production growth between March last year, when it bought TNK-BP , and January this year, lowered output 2.2 pp in February compared with January.

Production growth for Russian oil companies (%):

Company 2013/2012 01.2014/ 01.2013 02.2014/02.2013
Lukoil 1,4 2,4 2,7
Rosneft* 33,2 62,7 60,5
Gazprom Neft 1,6 4,6 4,8
Surgutneftegas 0,08 -0,2 -0,2
Tatneft 0,4 0,5 0,3
Bashneft 4 6,3 11,7
Slavneft -5,9 -6,2 -6,6
RussNeft** -9,7 -37 -36

* - CDU TEK has not published data for TNK-BP since July 2013, and has included these in stats for Rosneft

** - RussNeft stopped including production data for 11 enterprises in October 2013, this now quoted or "other producers" and accounts for the sharp decline in production for RussNeft that month.