Russian oil exports down 1.3% in 7 mths - Rosstat
MOSCOW. Sept 20 (Interfax) - Russian oil and gas condensate exports in January-July 2011 were down 1.3% from the same period of last year at 141.5 million tonnes, the Federal State Statistics Service (Rosstat) said, quoting figures from the Federal Customs Service (FCS).
Oil accounted for 35.5% of overall Russian exports in the seven months, up from 34.5% in January-July 2010. Oil came to 51.1% of overall fuel and energy exports, up from 50.2% a year previously.
The average export price for oil in July 2011 was $783.8 per tonne, or 0.2% lower than in June 2011. Urals blend traded at $841.6 a tonne in the world market, 3.2% more.
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 | |
| 2010 | ||||
| January | 521,2 | 102,4 | 554,2 | 103,0 |
| February | 508,4 | 99,9 | 531,0 | 98,7 |
| March | 522,5 | 102,7 | 560,0 | 104,1 |
| April | 548,7 | 107,8 | 602,4 | 112,0 |
| May | 559,0 | 109,9 | 535,5 | 99,6 |
| June | 522,8 | 102,8 | 542,0 | 100,8 |
| July | 530,2 | 104,2 | 541,4 | 100,7 |
| August | 535,0 | 105,1 | 552,4 | 102,7 |
| September | 535,6 | 105,3 | 565,0 | 105,0 |
| October | 560,6 | 110,2 | 595,2 | 110,7 |
| November | 584,6 | 114,9 | 616,0 | 114,5 |
| December | 609,9 | 119,9 | 653,4 | 121,5 |
| 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 |
Source: Russian Economic Development Ministry
Russia produced 294.9 million tonnes of oil and gas condensate in January-July 2011, up 0.7% year-on-year. Russia-based refineries processed 149.6 million tonnes of crude, up 4.8%.
Oil production (not including gas condensate) by Russia and the leading oil producing nations ('000 barrels per day):
| 2011 | |||
| July | June | May | |
| Russia * | 10080 | 9734 | 10060 |
| OPEC (total)** | 30069 | 29664 | 29046 |
| Of which: Iraq | 2676 | 2702 | 2676 |
| Saudi Arabia | 9752 | 9497 | 8958 |
* - Not including gas condensate.
** - OPEC Market indicators as at end July 2010