Rosneft reports on daily crude output in 1H08
Rosneft, Russia's largest oil company, reported a 15.5 % increase in daily crude output to 2.1 mm bbl of oil in the
first half of 2008 from 1.8 mm bbl in January-June 2007.
The performance enabled state-owned Rosneft to remain the global leader in terms of growth in crude production.
The company's oil product output totalled 22.9 mm tons (168.4 mm bbl) in January-June 2008, up 59.2 % against the
first half of 2007.
"This substantial increase is explained by organic growth in throughput at the Tuapse and Komsomolsk refineries," the
company said.
The oil producer said its natural gas output decreased 19.1 % year-on-year to 6.25 bn cm in the first half of
2008.
The company sold 5.2 bn cm of natural gas in the reporting period, down 6 % against the same period of last year. Its
average gas price increased 47 % year-on-year in the first six months of 2008.
Rosneft emerged as Russia's largest crude producer after taking over most of the assets of bankrupt oil firm Yukos
through liquidation auctions in 2007.
In 2007, Rosneft boosted oil output 25 % year-on-year to 100.9 mm tons (739 mm barrels).
