Rosneft Daily Crude Production Drops by 2.2%

Russian energy giant Rosneft said on Friday its average daily crude oil and gas condensate production in the first quarter fell by 2.2% year on year to 4.64 million barrels due to a global deal to curb output, Reuters reported.

Its first-quarter hydrocarbon production reached 5.75 million barrels of oil equivalent per day, down 2.5% from the same period a year earlier, the company said.

Rosneft also said its natural gas production was down by 2.9% and amounted to 16.63 billion cubic meters in the January-March period.

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