VOL. XXXVII

NO. 16

17-JANUARY-1994

Supply/Demand

Russian Crude Oil Production Drops 17% During 1993

Russia's main state-owned oil company, Rosneft, reported on 11 January thatthe country's crude oil and gas condensate production decreased to 329.2mn tons(6.6mn b/d) during 1993, a drop of 17.4% from an official production estimate of398.8mn tons (8.0mn b/d) for 1992.

Meanwhile, last month in Paris at a symposium entitled "Energy: Signalsfor the Future", an official of Russia's Ministry of Fuels and...