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Rosneft says first-quarter oil output down 1.2 percent due to OPEC deal

Reuters  |  MOSCOW 

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 ...

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First Published: Mon, May 14 2018. 11:45 IST