Liquid hydrocarbons extraction in Russia in 2017 might fall by 40 thousand barrels a day

​The extraction of liquid hydrocarbons in Russia in 2016 might make up 11.18 mln barrels a day, is said in the IEA report for June 2016.

In H1 2016 oil and gas condensate extraction in Russia grew by 175 thousand barrels a day against H1 2015.

The extraction growth was due to the growth of oil production by Bashneft, PSA projects and Novatek.

Rosneft’s extraction goes on falling against 2015 despite of the growth of drilling of Yuganskneftegas and at Vankor.

Lukoil’s extraction is also falling.

In June  2016 oil and condensate extraction in Russia stayed at the level of 10.84 mln barrels a day against May 2016 but grew by 120 thousand barrels a day against June 2015.

In 2017 the extraction of Liquid hydrocarbons in Russia, according to the IEA, might fall by 40 thousand barrels a day against 2016 to 11.14 mln barrels a day.