UPDATE: Rosneft’s daily oil output falls 1.2% on OPEC deal Jan–Mar

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MOSCOW, May 14 (PRIME) -- The average daily production of oil and gas condensate by Russian oil major Rosneft fell 1.2% on the year to 4.57 million barrels in January–March due to fulfillment of the OPEC plus nonmember oil output reduction deal, the company said in a statement on Monday.

Gas production decreased 2% to 16.87 billion cubic meters (bcm).

The total hydrocarbon production fell 1.3% to 5.71 million barrels of oil equivalent.

Drilling for development grew 23.9% to 2.8 million meters.

Rosneft agreed with France’s Total Oil Trading to ship 4.8-10.8 million tonnes of oil towards Germany via the Druzhba pipeline in two years, it said.

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