Russia’s Rosneft Says Q1 Oil Output Up 3.9% Year-on-Year

OILMONSTER.COM- Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the first quarter rose by 3.9 percent year-on-year to 4.74 million barrels.

Its first-quarter hydrocarbon production reached 5.9 million barrels of oil equivalent per day, up 3.4 percent from the year-earlier period, the company said.

Rosneft also said its natural gas production was up by 1.5% and amounted to 17.12 billion cubic metres in the January-March period. 

 Courtesy: www.reuters.com