Page 119 - RusRPTMay21

9.0 Industry & Sectors 9.1 Sector news
9.1.1a Oil & gas sector results
Russia remained in second place in terms of global oil production in February, with a national daily output of 9.398mn barrels per day (bpd), according to new research by the Joint Petroleum Statistics Initiative (JODI).
The US is number one and Kingdom of Saudi Arabia is number three. Russia held the status of the world’s second-largest oil producer for the 10th month in a row, dropping to the third spot for only one month, in April 2020. Prior to that, Russia had been in the second spot for over a year.
Russia’s oil production decreased by 0.7% in February compared to January, while the US slashed production by 6.5% on a monthly basis to 10.364mn bpd, and Saudi Arabia by 10.5% to 8.147mn bpd.
Statistics also showed that, in January, Russia exported 3.702mn bpd, which was down from the 4.2mn it exported in December.
Oil refining in Russia in February increased by 5.3% from the previous month, amounting to 5.772mn bpd, said the report. Meanwhile in the US, refining plunged by 13.3% from January to 12.67mn bpd, and in Saudi Arabia the capacity dropped by 2.6% to 2.281mn bpd.
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