Muristek
A worker at an oil field owned by Bashneft, Bashkortostan, Russia, in this January 28, 2015 file photo. — Reuters pic
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MOSCOW, April 14 — Russia’s Energy Ministry is limiting access to its statistics on oil and gas production and exports, it said today.
The ministry “is limiting the distribution of information, which could be used as an additional pressure on the Russian market and its participants,” it said.
The ministry unit which compiles the data, the CDU TEK, did not publish monthly data on April 2, according to two clients, in the first such delay in years.
Russia has faced Western sanctions since the start of what Moscow calls its “special military operation” in Ukraine on February 24.
“The industry’s statistical data, amid the restrictions, is quite sensitive to manipulation, which endangers operations of CDU TEK’s counterparties,” the ministry said.
Russia’s oil and gas condensate production on Monday fell below 10 million barrels per day (bpd) to its lowest since July 2020, two sources familiar with data said.
Russian oil production could fall by 1.5 million bpd this month as Russian refiners throttle back and buyers shy away, the International Energy Agency has forecast. — Reuters