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MOSCOW, Nov 5 (Reuters) - Third-quarter oil production at
Russia's Rosneft, the world's largest listed oil
company by output, declined by 1.4%, year-on-year, to 57.88
million tonnes, the company said on Tuesday, amid global efforts
to curb output.
The current global oil deal to cut oil production runs
through to the end of March 2020 and producers, including
Russia, meet to review policy on Dec. 5-6 in Vienna.
Rosneft, headed by Igor Sechin, a close ally of President
Vladimir Putin, accounts for around 4% of Russia's total oil
production.
Its total hydrocarbon production, including natural gas, in
July - September declined to 5.74 million barrels per day of oil
equivalent by 1.5%, year-on-year.
The company also said oil output at its largest production
unit, Yuganskneftegaz, located in West Siberia, reached
record-high of 1.466 million bpd this summer since production
began there in 1964.
It also said that oil production rose in the third quarter
from the second quarter by 0.5% following a decision of Russia's
oil pipeline monopoly Transneft to lift restrictions
on the unit amid contaminated oil crisis.
Rosneft's natural gas production declined in the third
quarter by 1.9 percent year-on-year to 16.3 billion cubic
metres.
(Reporting by Olesya Astakhova and Vladimir Soldatkin, editing
by Louise Heavens)
BP (BP.)
