Russia's Lukoil Says Oil Output Down 9% In 2016



Reuters

MOSCOW, March 2 (Reuters) - Total oil output of Russia's No.2 oil producer Lukoil declined by almost 9 percent in 2016 to 92 million tons (1.84 million barrels per day), the company said on Thursday.

Lukoil said its oil production in Russia also declined last year, to 83.2 million tons from 84.9 million tons in 2015.

Natural gas output in 2016 remained "practically unchanged" year-on-year, at 20.3 billion cubic meters, the company said.

(Reporting by Vladimir Soldatkin; Editing by Andrey Ostroukh)



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