August 29, 2008

Slavneft Q1 oil production down by 5.9% YoY

RIA Novosti reported that Oil Company Slavneft ranked among Russia's top ten crude producers reported its Q1 oil production drop by 5.9% YoY to 4.97 million tonnes.

Slavneft natural gas production grew 5.8% in the reporting period to 236.8 million cubic meters.

Slavneft is co owned by Gazprom Neft the oil arm of the Russian energy giant Gazprom and Russian-British joint oil venture TNK-BP.