Surgutneftegaz kept oil production at 60.8 mln tonnes in 2019

TASS Russian News Agency | Feb 14, 2020 at 1:37 PM

/Update/

MOSCOW, February 14. /TASS/. Surgutneftegaz maintained oil production in 2019 approximately flat in annual terms at 60.8 mln tonnes and plans to produce 60-62 mln tonnes of oil in midterm, the company says in its quarterly report.

Oil production in Eastern Siberia was over 9.3 mln tonnes, totaling 15.4% of company's total production.

Surgutneftegaz accounted for 10.8% of sectoral oil production and 6.5% of Russian refining as of 2019 year-end.

18.6 mln tonnes of oil were refined in 2019 and 18.2 mln tonnes are planned for refining this year, the company said.

Surgutneftegaz plans to process 5.8 bln cubic meters of gas at its gas processing plant in this year.