In August 2022, oil production in Russia, including gas condensate, increased by 2.1% compared to August 2021 and amounted to 45 million tons, Report informs, citing the Russian Statistics Committee (Rosstat).

As reported, during the eight months of this year, 354 million tons of oil, including condensate, were produced in Russia, which is 3.1% more than in January-August 2021. 42.1 million tons of oil (without gas condensate) were produced in the country, 0.7% more than in August 2021.

Average daily oil production (excluding condensate, which is not considered in the OPEC+ agreement) was 1.358 million tons in August, which means 9.8 million barrels per day with a coefficient of 7.22 barrels. Russia’s permitted production level under the OPEC+ agreement for August is 11 million barrels per day. However, the delay was about 1.2 million barrels per day.

Production of petroleum products decreased by 1.1% in August. In January-August, production fell 0.7% compared to the same period of 2021.

In August, the production of automobile gasoline amounted to 3.8 million tons, which is 6.4% more than in August last year. According to the results of eight months, 28.4 million tons of gasoline were produced, which is 5.7% more than in the same period of 2021.