Page added on November 3, 2013 Russian oil output, the largest in the world, reached 10.59 million bpd (barrels per day) in October, setting the record for the country’s post-Soviet period, Energy Ministry data showed. The landmark was reached due to Rosneft increasing production at the Vankor field in the Krasnoyarsk Region, the Vedomosti paper reports. The output at the field was 18.3 million tons last year, with the company planning Vankor reach 25 million tons annually. Another influential factor is the larger amount of Gazprom-produced gas condensate, which has now reached 350,000 bpd. The country’s total output in October reached 44,773 million tons, which is 1.3 percent higher than during the same period last year. According to the International Energy Agency, Russia’s all-time production of black gold reached its peak at 11.41 million bpd in 1988, when it was still part of the Soviet Union. The production of […]