MOSCOW (Reuters) - Oil and gas condensate output of Russia's largest oil producer Rosneft declined by 1.2 percent year-on-year in the first quarter because of a global deal with the OPEC designed to curb output, the company said on Monday.
Rosneft said production of liquid hydrocarbons, or oil and gas condensate, stood at 4.57 million barrels per day in January - March 2018.
Total average daily hydrocarbon production was at 5.71 million barrels of oil equivalent in the first quarter of 2018, close to levels of the first quarter 2017.
January - March natural gas production stood at 16.87 billion cubic metres, down 2 percent from the same period a year ago.
(Reporting by Vladimir Soldatkin and Olesya Astakhova; Editing by Andrey Ostroukh)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app