According to the results of March this year, Russia reduced its oil production level by 300,000 barrels per day. The indicator for the first month of spring was 9.7 million barrels per day (b / d), in February the bar was around 10 million barrels / day, to witness Statistics of the Organization of Petroleum Exporting Countries (OPEC).
4 May, Deputy Prime Minister Alexander Novak declarationRussia is currently reducing its daily oil production by 500 thousand barrels compared to February. At the same time, follow-up will be made according to independent sources. This decision is implemented as part of a voluntary reduction in the production of raw materials that exceed the quotas set by OPEC.
“In March, liquid hydrocarbon production in Russia decreased by 282 thousand barrels on a monthly basis, reaching an average of 11.1 million barrels per day. This includes 9.7 million barrels of crude oil per day and a broad fraction of light hydrocarbons (a product of the associated petroleum gas and gas condensate processing – socialbites.ca) and condensate, ”says the report.
May 10 Russian Ministry of Finance (MinFin) reportedIt was stated that the oil and gas revenues of the country’s budget in the first four months of 2023 were 52% lower than the same period of 2022 and amounted to 2.282 trillion rubles. At the same time, the ministry assured that the monthly dynamics of oil and gas revenues are gradually entering a stable trajectory corresponding to base levels of 8 trillion rubles per year.