Learn from yesterday, live for today, hope for tomorrow You are in good hands We believe in service, and you know that We are here to serve you Satisfaction of customer is our motto

Russian oil production and exports decline

Tin tức

Kommersant said in October, both Russian oil production and exports went down and could fall even more sharply due to the EU ban.

The daily Kommersant (Russia) today quoted a source close to the country's oil production in October, reaching 1.47 million tons a day, equivalent to 10.78 million barrels a day. This is down from 10.8 million barrels in September, according to Russian statistics agency Rosstat released last week.

The newspaper also reported that Russia's sea and pipeline oil exports fell 2% from September to about 640,000 tons a day (4.7 million barrels a day).

One of the reasons for this decline is the decrease in offshore production of the Sakhalin-1 project, due to the withdrawal of the US oil company ExxonMobil. After restarting, the output of this project is only half of the plan.

So far, Russia's oil production has not been affected by Western sanctions on Ukraine. However, European countries - the main buyers of Russian oil for the past few decades - will stop importing Russian oil from December 5 under the embargo of the European Union (EU).

From December 5, the EU will ban the import of most Russian crude oil, in order to block Russian financing for the military operation in Ukraine. From February 2023, the EU will embargo the transport of oil products from Russia.

The International Energy Agency (IEA) in August forecast that Russia's oil production will drop by 20% from the beginning of next year due to this ban. Specifically, about 1 million barrels of oil products and 1.3 million barrels of Russian crude oil per day will have to find new destinations.
Resource: Vnexpress

Chia sẻ


What opportunities for Vietnamese agricultural products to penetrate the Thai market?

Catching up with the healthy eating trend of Thai people, Vietnamese fruits and foods will have the opportunity to penetrate this Southeast Asian "power of agricultural products".

Vietnam wants to boost agricultural exports to Argentina

Dragon fruit, mango, and jackfruit have increased in both quantity and quality in recent years, and Vietnam wants to export more of these items to Argentina.

German Chancellor: Vietnam's economy has good resistance during the pandemic

Prime Minister Olaf Scholz said he was impressed with the resistance of the Vietnamese economy and believes that this is an important destination for many German and European businesses.

Pangasius exports increased sharply

As of mid-October, pangasius exports reached more than 2 billion USD, up 81% over the same period last year.

Vietnam's export rice price surpasses Thailand's

If in previous months, Vietnam's 5% broken rice price was always 5-7 USD a ton lower than Thai goods, now it is 18-25 USD higher.

CPV Food is about to export chicken to Japan

CPV Food brand processed chicken meat is recognized to meet all conditions for export to the Japanese market.