RUSSIAN OIL PRODUCTION AND EXPORTS OFF SHARPLY IN FIRST QUARTER

Russia's oil production plummeted again during first quarter 1992. Petroleum exports also fell steeply. Official figures disclosed by the Russian Federation's State Statistical Committee show that crude and condensate flow during January-March was down 13% from the same 1991 period. Russia's daily oil production was off more than 14% to about 8.3 million b/d when adjusted for the additional leap year day in February.

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