CGES: Russia's 2011 output sets post-Soviet production record

The Centre for Global Energy Studies, London, said Russia's oil production for 2011, which topped 2010 by a whisker, reached a record high for the post-Soviet period. "For the year as a whole, Russia's oil production averaged 10.28 million b/d, up just over 120,000 b/d (1.2%) over the previous year, setting a new post-Soviet record," CGES said in a new report. Citing preliminary figures published by the Russian Ministry of Energy, CGES said Russia's production in December 2011 reached 43.65 million tonnes, averaging 10.28 million b/d. Russia's December output was down by 35,000 b/d, or 0.33%, from the previous record set in October 2011, but was nearly 160,000 b/d, or 1.6%, high...

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