Russia's Gazprom Neft Says Increased Hydrocarbon Production By 2% In 1st Half Of 2018

Russia's Gazprom Neft Says Increased Hydrocarbon Production by 2% in 1st Half of 2018

Russian oil company Gazprom Neft increased its hydrocarbon production in the first six months of 2018 by 2 percent year-on-year, up to 44.9 million tonnes of oil equivalent, the company's press service said on Thursday

MOSCOW (Pakistan Point News / Sputnik - 16th August, 2018) Russian oil company Gazprom Neft increased its hydrocarbon production in the first six months of 2018 by 2 percent year-on-year, up to 44.9 million tonnes of oil equivalent, the company's press service said on Thursday.

"Total hydrocarbon production (including Gazprom Nefts share in production at joint enterprises) in the first six months of 2018 amounted to 44.9 million tonnes of oil equivalent (mtoe), an increase of 2% year-on-year. This was driven by higher production at new fields (Novoportovskoye and Vostochno-Messoyakhskoye) and an increase in Gazprom Neft's interest in Arktikgaz, from 46.6% to 50% in March 2018," the press release read.