Russian oil exports down 1.4% in 11M - Rosstat
MOSCOW. Jan 25 (Interfax) - Russian oil and gas condensate exports fell 1.4% year-on-year in January-November to 219.2 million tonnes, the Federal State Statistics Service (Rosstat) said, quoting figures from the Federal Customs Service (FCS).
Russian crude exports in November 2012 came to 21 million tonnes, or 2.7% more than in November 2011 and 2.4% more than in October 2012.
Oil accounted for 34.7% of overall Russian exports in January-November 2012, down from 35.4% in the same period of last year, and came to 49.4% of overall fuel and energy exports, down from 50.4%.
Russia exported 46.4% of the oil it produced in the 11M and 48.8% in November.
The average export price for oil in November 2012 was $751.4 per tonne, or 1.3% lower than in October 2012. Urals blend traded at $790.5 a tonne in the world market, 1.2% less.
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 | |
| 2011 | ||||
| January | 654,0 | 107,2 | 685,0 | 104,8 |
| February | 669,1 | 109,7 | 739,8 | 113,2 |
| March | 729,8 | 119,7 | 812,1 | 124,3 |
| April | 790,7 | 129,6 | 871,9 | 133,4 |
| May | 798,7 | 131,0 | 813,7 | 124,5 |
| June | 785,0 | 128,7 | 815,5 | 124,8 |
| July | 783,8 | 128,5 | 841,6 | 128,8 |
| August | 778,6 | 127,7 | 799,3 | 122,3 |
| September | 769,5 | 126,2 | 814,0 | 124,6 |
| October | 766,2 | 125,6 | 791,2 | 121,1 |
| November | 764,3 | 125,3 | 807,7 | 123,6 |
| December | 758,6 | 124,3 | 785,2 | 120,2 |
| 2012 | ||||
| January | 746,0 | 98,3 | 801,5 | 102,1 |
| February | 787,0 | 103,7 | 868,1 | 110,6 |
| March | 820,2 | 108,1 | 895,0 | 114,0 |
| April | 813,4 | 107,2 | 854,8 | 108,9 |
| May | 776,2 | 102,3 | 794,7 | 101,2 |
| June | 688,1 | 91,4 | 682,1 | 86,9 |
| July | 681,7 | 90,6 | 748,8 | 95,4 |
| August | 730,8 | 97,1 | 825,6 | 105,1 |
| September | 759,0 | 100,9 | 814,4 | 103,7 |
| October | 761,5 | 101,2 | 805,8 | 102,6 |
| November | 751,4 | 99,8 | 790,5 | 100,7 |
Source: Russian Economic Development Ministry
Russia produced 472.6 million tonnes of oil and gas condensate in the 11M, 0.9% more than a year previously, and refined 246.1 million tonnes, up 4.6%.
Oil production (not including gas condensate) by Russia and the leading oil exporting nations ('000 barrels per day):
| 2012 | |||
| November | October | September | |
| Russia * | 9950 | 10262 | 9917 |
| OPEC (total)** | 30781 | 30989 | 30992 |
| Of which: Iraq | 3174 | 3163 | 3192 |
| Saudi Arabia | 9673 | 9721 | 9738 |
* - Not including gas condensate.
** - OPEC Market indicators as at end July 2012
