Russia, the world’s biggest oil producer, increased monthly crude output by 0.3 percent in May to the highest level of the year, preliminary data from the Energy Ministry’s CDU-TEK unit show.
Output of crude and condensate was 44.3 million metric tons, or 10.481 million barrels a day, according to the figures e-mailed today. Oil exports declined 6.2 percent from April to 22.2 million tons, or 5.26 million barrels a day, the data show.
OAO Gazprom (GAZP), Russia’s gas export monopoly, boosted output by 5.8 percent to 353,000 barrels a day. OAO Rosneft (ROSN), the world’s largest publicly traded oil producer, and its subsidiary OAO TNK-BP produced 3.85 million barrels last month, up 0.3 percent from April, according to the data.
Russia set a post-Soviet-era production record of 10.49 million barrels a day in November. Soviet-era production in Russia peaked in 1987 at 11.48 million barrels a day. President Vladimir Putin has called for production to be maintained at more than 10 million barrels.
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