The Russian government has revealed that Russia's oil production this year is on track to exceed 480 million tons (about 9.6 million barrels per day). That figure does not include gas condensate and is in line with Russia's pledge to cut its output by 500,000 bpd to 9.5 million bpd from March to the end of the year.
In 2022, Russia's oil and gas condensate production rose to 535 million tons (10.7 million barrels per day). Condensate is excluded from production quotas set by “OPEC+” for Russia.
Source (Al Arabiya.net Website, Edited)
