According to a Reuters report on January 2 in Moscow, data released by the Russian Ministry of Energy on Wednesday showed that Russian oil production hit a record high of 19.16 million barrels per day last year.
The total amount exceeds the historical average of 10.98 million barrels per day set in 2017.
Russian oil production reached 555.8 million tons last year, compared with 547 million tons in 2017. The ratio of barrel to tonnage used by Reuters is 7.33 to 1.
| Polyglutamic acid |
Last month, all Russian oil giants increased their oil production year-on-year.
In terms of production, Russia’s oil producer, the world’s largest oil producer, increased its oil production by 4.6% year-on-year in December, while Luke and Surgut oil and gas companies both increased their oil production by 2.5%.
Russian Tartar oil company production surged 9.3% over the same period last year.
In December, Russian oil pipeline exports increased from 4.299 million barrels in November to 4.496 million barrels.
| Poly glutamic acid |
Russian Energy Minister Alexander Novak said last month that after Russia signed a global production cuts agreement, the country’s oil production in 2019 may drop to 552 million tons.