Slavneft's oil output down 2% in Q1, refining up 11%
MOSCOW. April 18 (Interfax) - Slavneft reduced oil output by 2.2% year-on-year to 4.46 million tonnes in January-March 2011, the company said in a statement.
Since the start of the year, the company has drilled through 212,800 meters of rock since the start of 201, up 9.6% year-on-year. A total of 49 new wells were brought online, up 25.6%.
Slavneft's total gas output came to 210.7 million cubic meters in the first three months, largely unchanged from the result for 2010.
The company's rate of associated oil gas utilization went up by 5% to 75.8% in the first quarter in comparison with the same period of 2010.
Total refining of crude went up by 10.7% to 5.8 million tonnes in the first quarter.
OJSC Slavneft-Yaroslavnefteorgsintez (YANOS) refined 3.5 million tonnes of crude, up 3.6% year-on-year. Mozyr Oil Refinery increased refining by 23.4% to 2.3 million tonnes. The substantial increase in Mozyr Refinery's output was driven by rising inflow of crude from Venezuela and Azerbaijan.
Production of car gasoline in the quarter went up by 18.4% to 1.16 million tonnes. YANOS produced 580,000 tonnes of gasoline, up 5.9% yea-on-year. Mozyr Refinery increased output by 34.5% to 580,000 tonnes.
Slavneft is owned by TNK-BP and Gazprom Neft on a parity basis.