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Oil output in Russia expands 3.6% in 4M07 - statistics service

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MOSCOW, June 20 (RIA Novosti) - Crude production in Russia expanded 3.6% year-on-year in the first four months of 2007 to 161.2 million metric tons (1.2 billion barrels), the country's top statistics body said Wednesday.

The Federal Statistics Service said oil sales on the domestic market increased 4.5% in the reporting period to 74.2 million metric tons (544 million bbl) and crude exports expanded 4.3% to 84.8 million metric tons (622 million bbl).

Oil accounted for 33% of Russia's exports and 52.6% of fuel and energy exports in January-April 2007, compared with 34.9% and 50.9% respectively a year earlier, the service said.

Excluding gas condensate, Russia produced 9.4 million bbl of oil per day in April, while leading oil-exporting nations produced 30.13 million bbl/d, and Iraq and Saudi Arabia 2.08 million bbl/d and 8.55 million bbl/d respectively.

Russia's oil output grew 2.1% year-on-year in 2006, to 480.02 million metric tons (3.5 billion bbl). The Industry and Energy Ministry said earlier that LUKoil, Rosneft, TNK-BP, Surgutneftegaz and Gazprom Neft were the leaders in oil and gas condensate production during the year.

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