Page 118 - RusRPTJun21

Russia’s crude production has decreased by 10.1% year-to-date to 167.94mn tonnes.
According to the data under International Financial Reporting Standards (IFRS), Rosneft crude production dropped by 6.6% in April to 15.9mn tonnes, and by 11.2% year-to-date to 61.6mn tonnes. Oil output of Lukoil decreased by 10.8% to 6.1mn tonnes and by 11.8% to 24.1mn tonnes, respectively, Surgutneftegas – by 15.7% to 4.5mn tonnes and by 14% to 17.6mn tonnes, Gazprom Neft – by 14.6% to 4.64mn tonnes and by 10% to 18.5mn tonnes.
Tatneft output went up by almost 12% to 2.23mn tonnes last month, and slipped by 6.3% since the beginning of the year to 8.7mn tonnes, Novatek production gained 4% to 0.99mn tonnes and 2.4% to 4mn tonnes, respectively. Production of oil and condensate by PSA (production sharing agreement) operators fell by 10.1% to 1.13mn tonnes in April and by 8.4% year-to-date to 4.5mn tonnes.
Oil refining
Russia’s output of petroleum products increased by 6.5% in April 2021 year-on-year to 23.23mn tonnes.
Overall, in January-April period primary oil processing dropped by 3.7% to 91.6mn tonnes in Russia.
Oil Exports
Russia’s crude oil exports decreased by 17.2% in January-April 2021 year-on-year to 71.57mn tonnes, TASS reports citing the Central Dispatching Department of Fuel Energy Complex.
In April, crude oil exports fell by 16.4% to 18.64mn tonnes.
Russia participates in the OPEC+ crude production cuts agreement, due to which supplies to other countries are declining as well.
Oil exports to non-CIS countries went down by 20.5% in four months to 66.65mn tonnes, and by 16.8% in April to 17.3mn tonnes. Exports of the Russian oil to CIS states doubled in the reporting period to 4.92mn tonnes, and dropped by 10.4% in April to 1.32mn tonnes.
Crude oil transit edged up by 2.6% in January-April to 6.1mn tonnes, and decreased by 8.9% in April to 1.55mn tonnes.
118 RUSSIA Country Report June 2021 www.intellinews.com