Rosneft's Q2 oil, gas condensate output falls 13% to 50 mln tns

MOSCOW, Aug 14 (PRIME) -- The oil and gas condensate output of Russian oil major Rosneft fell 13% on the quarter to 49.6 million tonnes in April–June, the company said in a press release on Friday.

In January–June, production decreased by 7.3% on the year to 106.5 million tonnes.

"January–June liquids production amounted to 4.34 million barrels per day (106.5 million tonnes), a 7.3% decrease on the year. April–June 2020 liquids production constituted to 4.04 million barrels per day (49.6 million tonnes), demonstrating a 13% decline on the quarter amid the company’s compliance with its quotas under the new OPEC+ Agreement," Rosneft said.

Gas output fell by 8.8% on the quarter to 15.2 billion cubic meters in April–June.

Rosneft also said its oil refining grew by 1.7% to 52.7 million tonnes in January–June. In April–June, Rosneft refined 24 million tonnes of oil, the depth of refining rose 1.4 percentage points to 75.2%,  production of light oil products stood at 56.3%.

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