Russia Sets Oil Production Record for 2015

By Joseph R. Fonseca
Tuesday, January 12, 2016
Courtesy Arctic Info

 

Against the backdrop of a sharp drop in oil prices sharply increased their exports, Russia has set a new record for oil production in 2015.

This is a new record for oil production (including gas condensate) - 534 081 000 tons, which is 1.4% higher than in 2014, reports "Interfax" referring to the data of the Central Supervisory Control fuel and energy complex. The leader was the company "Bashneft". Others are "Gazprom Neft", "Surgutneftegaz" and reduced "Rosneft", "Lukoil" and "Slavneft".

According to the Ministry of Finance, in 2015, oil companies have earned on the devaluation of about 400 billion rubles, according to forecasts, in 2016 this figure fell to 300 billion rubles. The government took advantage of this and increased taxes on oil - it has been decided not to reduce export duties, as provided for by the tax maneuver.

Earlier, the Ministry of Energy forecasted decrease in production of 10 million tonnes in 2017.
 

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