19 Nov 2009 14:56

Russia ups oil export 1.2% to 184.3 mln tonnes in 9 mths

MOSCOW. Nov 19 (Interfax) - Russian oil and gas condensate exports grew 1.2% year-on-year in January-September to 184.3 million tonnes, the Federal State Statistics Service (Rosstat) said, quoting figures from the Federal Customs Service (FCS) that include oil exported to Belarus.

Oil accounted for 33.4% of overall Russian exports, down from 36% in January-September last year. Oil fell to 50.5% of overall fuel and energy exports, from 51.8% a year previously.

Rosstat said Russia exported 50.2% of the oil it produced in January-September 2009.

The average export price for oil in September was $475.6 per tonne, or 1.8% higher than in August 2009. Urals blend traded at $490.2 a tonne in the world market, 7.1% 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
2008
January 613,9 100,8 653,0 101,6
February 617,0 101,3 669,1 104,1
March 662,9 108,8 728,4 113,3
April 697,5 114,5 768,8 119,6
May 764,6 125,5 866,9 134,8
June 833,8 136,9 932,6 145,1
July 887,4 145,7 946,9 147,3
August 815,5 133,9 814,7 126,6
September 702,8 115,4 708,1 110,1
October 600,3 98,5 514,5 80,0
November 442,1 72,6 373,0 58,0
December 325,8 53,5 286,3 44,5
2009
January 291,6 89,5 312,4 109,1
February 295,4 90,7 309,7 108,2
March 298,1 91,5 329,7 115,2
April 322,4 99,0 356,3 124,4
May 358,7 110,1 415,7 145,2
June 417,8 128,2 498,7 174,2
July 445,9 136,9 471,0 164,5
August 467,0 143,3 527,6 184,3
September 475,6 146,0 490,2 171,2

Source: Russian Economic Development Ministry

Russia produced 367.2 million tonnes of oil and gas condensate in January-September, up 0.6% year-on-year. Russia-based refineries processed 176 million tonnes of crude, down 0.6%.

Oil production (not including gas condensate) by Russia and the leading oil producing nations ('000 barrels per day):

2009
September August July
Russia 9665 9900 9858
OPEC (total)* 28925 28860 28741
Of which: Iraq 2476 2513 2519
Saudi Arabia 8088 8140 8125

* - OPEC Market indicators as at end September 2009