* Output hits record high
* Adds to global oversupply
* Rouble offsets lower oil prices
MOSCOW, Nov 2 (Reuters) - Russian oil production, theworld's largest, hit a post-Soviet high in October, rising 0.4percent month on month to 10.78 million barrels per day (bpd),Energy Ministry data showed on Monday.
Russia has been raising output despite low oil prices as theweak rouble has helped to offset oil companies' reduced profits.The country is also trying to protect its market share fromrivals such as Gulf nations, which have started supplyingMoscow's traditional markets.
Output reached 45.572 million tonnes versus 43.961 millionin September, or 10.74 million bpd, which was at that time apost-Soviet high.
The data showed that Russian oil output underproduction-sharing agreements, designed in the 1990s toencourage investment by foreign oil firms, jumped 6.7 percent inOctober from September to 1.367 million tonnes (323,000 bpd).
The ministry gave no breakdown of the data for thoseprojects, which include Sakhalin-1 developed by Rosneft, ExxonMobil, ONGC and Sodeco;Sakhalin-2 involving Gazprom, Shell, Mitsui and Mitsubishi ; and Kharyaga with Total, Statoil and Zarubezhneft.
Sanctions do not affect those projects.
Saudi Arabia, the world's top oil exporter, pumped onaverage 10.1 million bpd in October, a Reuters survey showed.OPEC nations meet next month to discuss production quotas. (Reporting by Katya Golubkova; editing by Alexander Winning andJason Neely)