Russia reduces oil exports 0.5% to 102.1 mln tonnes in Jan-May - Rosstat
MOSCOW. July 24 (Interfax) - Russian oil and gas condensate exports fell 0.5% to 102.1 million tonnes in January-May 2009 year-on-year, the Federal State Statistics Service (Rosstat) said, quoting figures from the Federal Customs Service that include oil exported to Belarus.
Oil accounted for 31.9% of overall Russian exports in the five months, down from 36% in the same period last year, and for 49.1% of overall fuel and energy exports compared with 51.7% a year earlier.
Rosstat said Russia exported 50.6% of the oil it produced in the period.
The average export price for oil in May was $358 per tonne, or 11% more than in April. Urals blend traded at $415.7 a tonne in the world market, which was 16.7% more than in April.
Changes in average export prices for Russian crude and oil prices on the world market:
|Average actual export price||World market price for Urals blend|
|$ per tonne||% of December in previous year||$ per tonne||% of December in previous year|
Source: Russian Economic Development Ministry
Russia produced 201.8 million tonnes of oil and gas condensate in the first five months of 2009, down 0.1% year-on-year. Russia-based refineries processed 95.8 million tonnes of crude in the period, down 0.4%.
Oil production (not including gas condensate) by Russia and the leading oil producing nations ('000 barrels per day):
|OPEC - total*||28292||28136||28083|
* - OPEC Market indicators as at end: May 2009.