Middle East Economic Survey


No 28



Russian Oil Output Hits New Record At 9.69mn B/D

Russian oil output hit a new post-Soviet high in June of 9.69mn b/d, surpassing the previous record achieved in December 2005 of 9.65mn b/d, the Energy Ministry said on 30 June. Russian production had fallen to 9.43mn b/d in January due to extremely cold temperatures in Siberia. The Energy Ministry said it expected output to increase further in the third quarter to average 9.72mn...