Exports of oil from Russia increased in 2016

Exports of oil from Russia increased in 2016 to 254.8 million tons

Exports of oil from Russia increased in 2016 by 4.2% in annual terms to 254.8 million tons, according to Rosstat. At the same time, exports in December 2016 declined by 3.4% in annual terms, but increased by 3.7% compared to November 2016 to 21.4 million tonnes. For refining in Russia in 2016, 284.5 million tons of oil were delivered (-1.3% in annual terms), including 25.2 million tons in December 2016 (-0.7% in annual terms, But + 3.1% to the indicator in November 2016).

 

Meanwhile, oil production in Russia grew by 2.5% last year to 547.6 million tons. Including in December 2016 production amounted to 46.1 million tons (+ 1.1% in annual terms and + 0.9% to the indicator in November 2016).

The share of oil in Russian exports in 2016 was 25.8%, in the export of fuel and energy products — 44.4% (26.1% and 41.4% in 2015, respectively).

The average export price for oil in December 2016 was $ 339.1 per ton (+ 3.9% compared to November 2016), for Urals oil — $ 380.2 per ton (+ 18.7%).

In December 2016, Russia produced an average of 10.509 million barrels of oil per day, in November — 10.424 million, in October — 10.754 million barrels of oil.

In OPEC countries in December 2016, an average of 33.085 million barrels of oil per day, in November — 33.305 million, in October — 32.955 million.

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