Russia's oil output stood at 10.95 million barrels per day (bbl/d) in July, unchanged for a third month and in line with its pledge to curb production in an effort to support the price of crude, Energy Ministry data showed on Aug.2.
OPEC and other producers led by Russia are cutting oil output until the end of March 2018.
On Aug. 1, Russian Energy Minister Alexander Novak said the country had cut its oil output by 307,600 bbl/d in July compared to October 2016, making good on Moscow's obligations under the supply pact.
Oil output last month reached 46.309 million tons, versus
44.801 million tons in June, according to the monthly data released by the ministry on Wednesday. Daily output was the same, however, because July is a day longer than June.
Russian oil pipeline exports in July stood at 4.099
MMbbl/d,down from 4.131 MMbbl/d in June.
The bulk of Russian oil majors cut or froze their output last month, except Gazprom Neft, which boosted production by 6.7%; Novatek, which raised production by 2.1%; and the country's largest producer, Rosneft, which increased production by 0.1 percent.
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